December 30, 2010

US DOLLAR and EURUSD Technical analysis

US DOLLAR DAILY CHART
 EURUSD DAILY CHART
  • US Dollar looks weak following a triangle pattern breakdown in daily chart.
  • US Dollar has closed below its 50 day moving average closing below the support line of the triangle will make it weaker.
  • EURUSD looks strong. Breaking above its 50 day moving average will make it stronger. Resistance level is at 1.3496.
  • 50 day Moving average can also act as resistance for EURUSD.
  • DOW JONES FUTURES CHANNEL FORMATION

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