Sequence of Analysis

1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily

Saturday, November 8, 2008

forex EUR-USD Technial Analysis

My expectation did not turn up where it should be. This is due to strong downtrend sentiment among traders. As we can see the pair is trying hard to move up to form at least 2 pieces of white candles, but it did not make it. As a result at this point onwards it open the door for continuation to downtrend again for the rest of the week until the end month of November.

eur-usd

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