Monday, 21 January 2013

EURUSD Forecast Jan 21 - 25


The Blue Continent Currency had a mixed week and closed at 1.3320 . Apparently a classic double top has been formed, more visible in daily chart. There are more than 3 resistance lines around 1.3390 , for the Euro to break if it wants to go up. But on the other hand, the downside move looks more like a walk in the park. The downside targets are 1.3142 and 1.3040 .

Matauang Benua Biru telah melewati minggu yang berkecamuk dan menutup di level 1.3320 . Ternyata, telah terbentuk pola klasik double top, lebih jelas pada daily chart. Ada lebih dari 3 garis resistan yang bertengger di level 1.3390, jika ia ingin bergerak ke atas. Tetapi, pergerakan ke selatan kelihatan cukup mudah. Sasaran ke bawah berada di level 1.3142 dan 1.3040 .

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