Wednesday, December 28, 2011

EURUSD Technical Chart | 28-Dec-2011

 Let's discuss the technical chart of EURUSD currency pair, using Doda-Donchian and Doda-Bollinger Bands.

EURUSD Technical Chart
EURUSD Technical Chart


Although there is a sell signal by Doda-Donchian @1.30301 as the price CLOSED below Doda-Donchian line. But Doda-Bollinger bands has not confirmed the signal yet. We've not seen good volume here. May be because of holidays season of Christmas and New year. So, I suggest to take short selling call ONLY when price closes below 1.30477.

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