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Sunday, June 16, 2013

$EURUSD - Trend Levels & Trading Strategy for the week : 17 Jun 2013

Best Buy & Support @ 1.3266  Actual Resistance & Best Short Level @ 1.3309 (current Support) A break Above 1.3396 Upside Target @ 1.3472 - 1.3524 , However a Crack Below 1.3221 Downside Target @ 1.3095 - 1.3044

Ltp - 1.3343

Daily Trend Indicating Downside targeting 1.3309 - 1.3266 While "1.3221" Acts as Crack Down Pivot

Weekly Trend Indicates Up Move However In depth & Thought Pattern Suggests Upmove is Almost Nearing to End - No much Steam Left  

Monthly Trend Indicates Up Move - Bullish Trend In Motion - In brief  > But looking @ Candle Stick Patterns One can identify the Actual Pattern we are in , i.e Possible Trend Reversal

Price - Falling , Open Intrest  - Down , Volume - Down

      Forecast : Bullish (possible trend reversal)

**MultiBagger Update : if the Pair violates 1.3221 then Pace will Be set for 1.2788 - 1.2686 In Near Term**
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