View: Live Technical Analysis « Let's FX Group

2012.11.07 [Forex | Euro vs US Dollar] We prefer a downside scenario at this phase.Since bias is bearish in nearest term targeting (1.2632). Another move back above (1.2836) could lead us to neutral zone. We will try to sell EURUSD from our mentioned resistance levels.

Hourly Alerts Stochastic Overboughtone hour ago EURUSD Stochastic (14) main line entered hourly overbought zone. Traders should NOT consider any short term long trades. MA Penetrated2 hours ago EURUSD has closed above 50 SMA. This should empower bullish short term technical outlook. MA Penetrated2 hours ago EURUSD has closed above 30 SMA. This should empower bullish short term technical outlook.