Tuesday, December 18, 2012

EURUSD Technical Chart | 18-Dec-2012

Now, let us take the technical chart of EURUSD with Doda-Donchian, Doda-Bollinger and Ichimoku indicators.



EURUSD Technical Chart
EURUSD Technical Chart


EURUSD is in bull run from the last many trading sessions. Currently, it is trading around 1.3166.

Now, looking at its technical chart, the major level to watch for this week is 1.3080. As long as it is trading above this level, take only long positions.

1.3038 is the strong support and on the upside, 1.3295 is the strong resistance.

So, for today, avoid any short positions and do not miss any long positions.

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