Monday, December 5, 2011

EURUSD Technical chart | 05-Dec-2011

 Below is the technical chart of EURUSD using Ichimoku Kinko Hyo indicator.

EURUSD Technical chart
EURUSD Technical chart

The price is facing tough resistance near kumo and sooner or later, it will cross kumo. But the major resistance is after that - at the level of 1.35471. Take long position ONLY when it closes above this level

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