Tuesday, December 6, 2011

EURUSD Technical Chart | 06-Dec-2011

 Below is the technical chart of EURUSD with Doda-Donchian and Ichimoku Kinko Hyo indicators. In Ichimoku, I've removed all its components except Kumo.



In my last article, posted yesterday, I suggested NOT to take long position in EURUSD currency pair till it closes above 1.35471. It has not closed above this level till now. The resistance line value  mentioned is now at 1.3600. So take long position only when it closes above this level.


Right now, it is trading inside kumo (as clealy visible in the chart). This is a no-trade zone. So, do nothing and enjoy the life!


On the downside,  take the short position if it closes below Senkou Span A line of kumo which is at 1.3345.

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