This report has been deactivated
EURUSD Found a Good Demand
Mon, Jul 6 2009, 23:45 GMT
by Mohamed I El Shall
4XTechnicales.com | View company's profile
Yesterday,
the pair of currency had found a good demand forces, at 1.3883 had bounced the
pair back up again. We expect the pair to keep on moving higher as long as it
stays above this level.
We
recommend a buy from 1.3927 with a stop loss at 1.3820 and a target at 1.4050.
For the following reasons
-
Hammer bullish reversal formation with a low at 1.3883.
-
Bullish divergence formed on the price bottoms and OsMA.
-
Overbought on Stochastic indicator on four hours time
frame.
Supports
1.3927 –
1.3883 – 1.3824
Resistances
1.4011 –
1.4065 – 1.4124

Published on
Mon, Jul 6 2009, 23:50 GMT
Archive
- EURUSD Near its Yearly High
Published On Sun, Jul 26 2009, 22:12 GMT
- EURUSD finished its 4th IM wave
Published On Wed, Jul 15 2009, 23:27 GMT
- GBPUSD Elliot Waves Count
Published On Mon, Jul 13 2009, 23:33 GMT
- EURUSD Found a Good Demand
Published On Mon, Jul 6 2009, 23:45 GMT
- Bounce or Break. This is The Question?
Published On Mon, Jul 6 2009, 03:38 GMT
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