EURUSD Analysis- Expected Bearish movement

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EURUSD Analysis- Expected Bearish movement

Postby ronaldm » Sat Mar 01, 2014 9:59 am

It shows that EURUSD near a strong support area form 1.3830-90. Previously two times price had been rejected form this area. A bearish movement is expected from this area. Before this we need to observe Price Action closely at this area. A reversal signal can lead the price to the direction 1.3700 and 1.3480 on long term view. But a break and close above 1.3900 on daily chart can make this scenario invalid.

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