First day of year 2014 and my first post on currency analysis. My analysis would purely be based on technicals.
Eur/Usd : This pair is hovering around big resistance and Bearish FIB level of 38.2 which is at 1.38400.
If price closes above this level on monthly chart, Pair would continue its bullish run.
As pair is still bullish on weekly and Daily charts buying on pullbacks at below levels is advisable.
1.36
1.34900
1.33700
Shorts trades can be considered only after Break and rejection of support at 1.35600 on weekly and monthly chart.
Eur/Usd : This pair is hovering around big resistance and Bearish FIB level of 38.2 which is at 1.38400.
If price closes above this level on monthly chart, Pair would continue its bullish run.
As pair is still bullish on weekly and Daily charts buying on pullbacks at below levels is advisable.
1.36
1.34900
1.33700
Shorts trades can be considered only after Break and rejection of support at 1.35600 on weekly and monthly chart.
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