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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Sunday, September 19, 2010

EUROS/USD ---to retest above 1.3330 OR below 1.2600 near term ??

EUROS/USD  may go either way in upcoming week, with a slightly positive-biased Indicator on last Friday Close. 

Daily Chart with Trendlines



Daily Chart with Ichimoku


On the Daily chart with trendline, we observe that the upper trend line near 1.3150 ( R3)  if breached , the currency pair may then retest 1.3330, (100% Fibo Retr), with positive and bullish-biased sentiments .
However, if this currency drifts below 1.2912 (Its structural support) , then we may see the 1.2603 next.

On the Daily Chart with Ichimoku, if this currency breaches 1.3196 ( The Resistance 3), then  1.3330 will be exposed next.  On the Downside, breaking the 1.2968 ( the Ichimoku Cloud Top Supports ( near Support 2), will send it down toward the 1.2600 (Ichimoku Cloud Bottom Support).
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