Below is the technical chart of EURUSD currency pair with Doda-Donchain and Doda-Bollinger bands. For more accuracy, we’ve used Ichimoku Kumo also.

 

 

 

 

 

EURUSD is in downtrend in its daily chart since Apr of this year. It’s coming down and down; not stopping at any support levels.

Just couple of days on uptrend and then it re-start its downtrend.

Even right now, below 1.2565 is clear sell for this week. if it closes above this level, just cut your short position but do not take any long position.

Support

1.2360

1.2689



1.2236

Resistance

1.2894

1.2031

1.3018

 

Watch these levels carefully this week.

 

EURUSD Technical chart | 04-Nov-2014
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