Thursday, December 1, 2011

EURUSD Technical chart | 01-Dec-2011

Below is the technical chart of EURUSD with Ichimoku and Doda-Donchian indicators.

EURUSD Technical chart
EURUSD Technical chart


On 30-Nov-2011, Doda-Donchian gave buy signal on this chart @1.35136. The same was confirmed by Doda-Bollinger bands also. But EURUSD is trading near high resistance area viz. 1.35682 and 1.3624. It MUST close above this level to start its bull run. On the downside, the support is at 1.3374.

Watch these levels carefully. The chart structure of EURUSD is very much similar to GBPUSD at this level.

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