Tuesday, April 2, 2013

EURUSD Channel

myfxvoyage.blogspot.com EURUSD Channel Trade
Pair is drawing up a falling channel and currently price is in middle of it. 

Currently price is at support-turned-resistance and if price goes thru it then next resistance comes at channel upper trendline which has been held since Feb-2013. 

To enter short I will be looking for any sign of rejection from current resistance level. For long, I would be looking for a daily close above the resistance.

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