|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 © 2007-2014|
|Recommend: Forex Analytics|
Elliott wave analysis of EUR/NZD for December 19 - 2014
2014-12-19 05:41:29 UTC+00 2 days, 14 hours, 23 min. ago
|Views today 777|
Intraday technical levels and trading recommendations on EUR/USD for December...
2014-12-19 16:49:27 UTC+00 2 days, 3 hours, 15 min. ago
|Views today 764|
Technical analysis of USD/CAD for December 19, 2014
2014-12-19 09:49:28 UTC+00 2 days, 10 hours, 15 min. ago
|Views today 817|
Technical analysis of EUR/JPY for December 19, 2014
2014-12-19 04:05:37 UTC+00 2 days, 15 hours, 59 min. ago
|Views today 724|
Technical analysis of USD/JPY for December 19, 2014
2014-12-19 10:37:24 UTC+00 2 days, 9 hours, 27 min. ago
|Views today 765|