August 29, 2012

EURUSD Resistance levels

  • EURUSD Weekly chart continues to get resisted at 20 Week SMA
  • Daily chart shows price moving up in a channel. There will not be big falls as long as price continues the up move in the channel. Holding the channel support line up move may continue to till 1.27 levels.
  • Major resistance at 200 Day SMA.

ES Chart update

  • ES Four hour chart shows price contraction which may give a bigger move soon.
  • Second chart shows the support and resistance levels.
  • Last chart shows fibonacci levels and target areas.