FX Technical Strategies
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FX Technical Strategies
Wed, Feb 11 2009, 02:12 GMT
by Lea Peters
FXUniversity
EUR/USD : long term bearish. You can see it within the WD GANN “ fan” very well. Technical levels of interest : as long as we stay below 1.3100 ( has proved tough resistance for the bulls so far ), we will be looking to return to the previous year’s lows. @ 1.2320-level.
Only back above 1.3340-50 level, the bulls can really load up on their longs to 1.3780-area first.EUR/USD : long term bearish. You can see it within the WD GANN “ fan” very well. Technical levels of interest : as long as we stay below 1.3100 ( has proved tough resistance for the bulls so far ), we will be looking to return to the previous year’s lows. @ 1.2320-level.
Only back above 1.3340-50 level, the bulls can really load up on their longs to 1.3780-area first.
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Wed, Feb 11 2009, 02:14 GMT
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