EURUSD DAILY 29TH MAY 2013

EURUSD has formed head and shoulder pattern  with neckline 

i feel  as per Elliot wave, Pair has finished corrective wave ABC and developed new impulsive 

pair has support @1.2740 & 1.27  which is remained historic strong level and also neckline in this pattern

if pair breaks this neckline then it may test 1.204 , last year low 

Dear friends i know this level will not achieve in one single wave 

EURUSD 27th May 2013

EurUsd  has formed head and shoulder pattern above moving average 50- period

it has neckline as well as support @1.29 

Pair has strong resistance 1.2980 where Fibonacci retracement 23.6 %

if pair breaks below neckline then pair will move to the 1.2820 level 

EURUSD has bearish emgulfing pattern

EURUSD has formed bearish emgulfing pattern above 50 SMA 

Pair is rejecting from level 50% fibbonacci retracement

resistance @1.3140 & 1.3208  support @1.2980  &1.29 1.2840

if Pair breaks 1.30  then pair may test next given support

   

EURUSD HAS PIN BAR SETUP

EURUSD has formed pin bar setup in daily charts 
pair has showing rejection from level 1.3200 50% retracement ( as shown in charts)

resitance @1.3200 and support@ 1.3120 & 1.3050

AUDUSD HAS EVENING STAR

AUDUSD HAS FORMED EVENING STAR   DAILY CHARTS 

PAIR IS BELOW 50 PERIOD MOVING AVERAGE  PAIR IS VOLATILE MOVING   

IT HAS ALREADY BROKEN CONFIRMATION LEVEL 

 On downside   pair is targeting towards 1.01 & 1.0050