empty
 
 
29.06.2011 12:18 PM
EUR/USD Intraday Technical Analysis - June 29, 2011

This image is no longer relevant

The pair is in a bearish channel , it seems to fail to reach the lower limit .

Bullish bounce of the lower limit of the daily triangle and possible double buttom pattern .

Recently the pair broke and closed above the upper limit of the same triangle .

This image is no longer relevant

The pair has broken the short term downtrend line .

Now the pair is testing the resistance level 1.4415-1.4420 which is 50% Fibonatcci Retracement level , Recent top and the intermediate trendline drawn in the chart .

It's obvious also that MACD is trending up .

Conclusion :

Retracement is expected from the current resistance level down to 1.4280-1.4320 which will be a good BUY area .

SL : 4H closure below 1.4250 .

TP : 1.4400 , 1.4450 , 1.4500 .

Mohamed Samy,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback