Tuesday, March 19, 2013

EURUSD 20130320


EURUSD has formed bearish emgulfing pattern below falling trendline
RSI is below 40 recently Pair has broken support @1.2880
Pair may support @1.2840, 1.2820 & 1.2740
Resistance @1.2942, 1.2970

If Pair breaks below support @1.2840 then it may show weakness 

Recommendation: 
EURUSD  SELL @1.2840 STOP @1.3 TARGET @1.2740 &1.2644