Monday, December 19, 2011

EURUSD Technical chart | 19-Dec-2011

 Below is the technical chart of EURUSD using Doda-Donchian and Doda-Bollinger Bands.


 


The price is still trading below all the indicators - Doda-Donchian, Doda-Bollinger Bands, Kumo of Ichimoku etc., which clearly shows weakness in chart. Some small pull back is possible, but use that opportunity to further add your shorts. Avoid any long signal, if any. Buy signal is far away from here. Near term target is 1.29504

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