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

Thursday, February 24, 2011

EUR-USD Technical Analysis - 24 February 2011

The EUR-USD seems to be going up trying to reach 1.4280 resistant level again. It could be a dummy test that could duped everyone into a trap. It's very dangerous as bearish strength still 80% underway. Any act of buying is consider unwise decision.

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