November 5, 2012

EURUSD Support levels

 
  • EURUSD Testing crucial support zone between 1.2748 - 1.2805
  • Price at 200 Day SMA
  • Daily chart is also approaching 38.2% Fib level.
  • Breaking these levels could give an extended fall for EURUSD.
  • COPPER TRIANGLE PATTERN
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1 comment:

  1. FxTraderNovember 6, 2012 at 6:41 PM

    Nice Analysis! Keep it up!
    I also would argue that we have a Gartley pattern on the daily Euro chart. Further, the support zone you mentioned is also supported by the two daily 100 % fibonacci extension levels. See more information at
    http://forex-chartanalysis.blogspot.com/ and
    http://forex-chartanalysis.blogspot.com/p/chart-pattern-explanation.html

    Let me know what you think!
    Kind Regards

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