Tuesday, 19 August 2014

EUR/USD Medium Term Technical Analysis AUG'14

EUR/USD Medium Term Technical Analysis:

             EUR/USD remains in downtrend. Last two weeks this pair supported by 1.3346 and send pair to side ways. There is lack of bullish signal in short time frames. As long as 1.3346 resistance level breaks we can expect further downside upto 1.3250 and 1.3163 levels.
             The most preferable scenario is 1.3250 level gives strong support and send the pair to north.

Note: The above levels are GANN support and Resistance levels.

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