January 4, 2014

  • The weekly bearish candle formed at upper bollinger band continues to be valid.
  • Daily chart has crucial support level at 53.43 - 53.75 and 20 Day SMA.
  • Daily chart shows a bearish MACD cross which will perform well if the above mentioned support levels break on closing basis.
  • EURUSD Bearish Price ACtion


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore