Sunday, November 10, 2013

EURUSD 131110

 
EURUSD daily currently supported by 200KAMA and 50% retracement. Daily and weekly oversold. EURUSD has closed below the support and looks bearish.

 
On H4, we see that EURUSD has been following a channel. Channel support is currently holding. Will like to short on a rebound to 1.3415. (23.6 retracement from high to current low). H4 oversold.
Perhaps early next week.

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