|EUR/USD Intraday Technical Analysis|
|EUR/JPY Rally To Continue Further - Technical Analysis and Trading...|
Technical Outlook:1.4790 - resistance is a bit too strong to break, and we are not surprised. Furthermore, the structure on Weekly Charts indicates a dropping trendline (shown in light colour below), which is passing right through the current price movement. If this trendline holds, GBP/CHF bears are set to regain control. A drop towards 1.4550-1.4600 is possible from here on. On the other hand, a break of 1.4790 (less probable though), will structurally shift the trend.
The above chart positioning indicates a pullback at least towards 1.4550-1.4600 in the coming sessions. 1.4790 is holding as strong resistance since long now, and a break there will bring in a shift in trend. As for now, we are counting on bears to regain control back towards the channel support.
Holding short positions from 1,4520/40 with stop at 1.4790.
analytical expert: Harsh Japee
|InstaForex Group © 2007-2013|
|Recommend: Forex Analytics|
EUR/USD intraday technical levels for December 06, 2013
2013-12-06 07:21:38 UTC+00 1 day, 12 hours ago
|Views today 818|
GBP/USD intraday technical analysis for December 6, 2013
2013-12-06 07:01:34 UTC+00 1 day, 12 hours, 20 min. ago
|Views today 744|
Gold unable to cross resistance
2013-12-06 08:00:36 UTC+00 1 day, 11 hours, 21 min. ago
|Views today 811|
Elliott Wave analysis of EUR/NZD for December 6, 2013
2013-12-06 07:34:10 UTC+00 1 day, 11 hours, 47 min. ago
|Views today 695|
EUR/JPY to face resistance at 139.80
2013-12-06 08:59:30 UTC+00 1 day, 10 hours, 22 min. ago
|Views today 727|