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, February 12, 2011

EUR-USD Technical Analysis - 13 February 2011

An obvious formation of Head and Shoulder chart pattern, indicate that the long-term direction for EUR-USD is heading toward down turn. This chart is taken from weekly time frame. 


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