Main Quotes Calendar Forum
flag

FX.co ★ EUR/USD Intraday Technical Analysis September 20, 2011

parent
Forex Analysis:::2011-09-20T13:03:41

EUR/USD Intraday Technical Analysis September 20, 2011

EUR/USD Intraday Technical Analysis September 20, 2011

The weekly support is still showing bullish reaction towards any decline in EUR/USD prices.

Yesterday We had a bullish hammer candlestick indicating successful testing of the 61.8% level acting as support.

The pair is expected to be forming a double bottom on the daily chart initially targetting 1.3970 ( the neckline ).

SL for this scenario should be daily closure below 1.3570.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...