EURUSD holds trendline support at 1.3645
Written March 10, 2010 at 3:11 PM EST by Greg Michalowski
The EURUSD has held the support at the 1.3645 and a move below this line is needed to turn the bias partially to the downside. The price remains above the 100 bar MA on the 5 minute chart ( blue line in chart above) which keeps the bias positive as well. That level comes in at the 1.3634. Until the price breaches these two levels, the bias remains to the upside.
Categories: Forex Trading |
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Hi Greg, why are you saying that a move below the Trend Line of 1.3645 is needed? I would think that it needs to hold or stay above that point to make the push higher to the 1.37 handle…
Sorry.. I have added the clarification with the text now. I got tied up on the phone….
Greg
hi
well i am too agree with that price should come down too 1.3635, but irrespective of present news, we have to wait till us session start. at intial stage i am expecting it should reach to 1.3644 as per observation & analysis
hi
as per my observation it went to 1.3644 or even at 1.3633 but sad news my 1 set up get closed under stop loss. my stop loss was 1.3670 & take profit was 1.3644
hi ran
wait for next m30 chart then see the result