Thursday, 7 April 2011

EUR/USD Analysis 2011-04-06

EU already broke the Resistance 1 on weekly chart. This a good sign of bullish trend is continue.


On daily chart we can see EU nicely broke previous peak in 22nd Mar 2011.


On 4H chart EU moving out from 4H range trading (Flat trend).


Trade Idea:
Recommend to wait for correction before long. Recommend to make entry at 1H time frame. Not recommend for short/sell trade.

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