Forex

EURUSD Analysis 2010-11-29

4XEagleEye EURUSD

Date: 29 Nov 2010 06:05:39 GMT Market Outlook

Weakness in EURUSD is likely to continue.
We see a less chances of an immediate rise on the instrument for short-term technical outlook. Next downside barriers follow (1.3196) at (1.3140) and (1.3100).
We will try to sell EURUSD from our mentioned resistance levels.


Summary

Direction

Moving Averages
Reversal Probability
Oscillator

Bullish Piercing Line Pattern

2010-11-29 06:00

1.3731
1.3608
1.3384
1.3328
1.3284
1.3196
1.3140
1.3100
1.3060
1.3020
Down Trend
29 Nov 2010 00:05:41 GMT
EURUSD is facing a selling pressure pushing it down as long as it remains below (1.3397) any four hours close below (1.3196) will open the way for the instrument to test the next support level. Any four hours bare close above (1.3397) will change instrument`s direction. Traders should consider selling each rally with a stop loss at (1.3397).

Hourly Alerts

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