2010-04-14_European Forex Technicals

Was a bit too busy with trading today - sorry for that.



Hier ein wenig was zu lesen - für die etwas mehr ernsthaft INTERESSIERTEN Teilnehmer :




 2010-04-14_European Forex Technicals.pdf (9.6 KB)





Intraday :


EUR/USD :



Tuesday's pullback validating the broken 4-5 month bear trendline found support at 1.3545 before recovering strongly, and the focus is on Monday's high at 1.3692. The 1.3500/20 upside gap remains intact, and a break through 1.3692 would attract further strength towards the 1.618 extension target close to the Mar. 17 lower reaction high at 1.3819. Risk of extended consolidation below 1.3545 is minimal.


Weekly chart EUR/USD trend : Bearish.