Tuesday, July 24, 2012

Weekly EUR/USD Chart finds Major Support


Pardon the cartoon like drawing, just wanted to show this weekly EUR/USD Chart. We see the approach of a MAJOR support level here from our market breadth indicator ACC/DIST. Pretty self explantory. I'm looking for moves higher into the next LVN around 1.2860 and 1.3200 POC. Also note that looking at most longer term quantative models we've seen most models showing a Fair Value around 1.2900-1.3000.

If your interested in having me analyze charts for you, you can send your requests through my fiverr. CLICK HERE FOR MY FIVERR

No comments:

Post a Comment