EURUSD Technical Chart Report | 10-July-2014
Below is the technical chart of EURUSD currency pair with our favorite indicators – Doda-Donchian, Doda-Bollinger Bands and Ichimoku.
Doda-Donchian and Doda-Bollinger bands have already given buy signal as price is trading above the indicators line. Last candle closes above kumo, giving bullish breakout. All these symptoms shows that EURUSD will start another bullish leg from here; but will not sustain by 3-4 trading sessions.
1.3749 is the biggest resistance for this currency pair. Above this, it will move up very fast and smoothly.
For this week, watch out the level of 1.3619. Above this level, take only long position. If it closes below this level, close your long positions and take short-sell position.
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July 10, 2014