$EURUSD levels for tonight
- kevinmhughes
- March 31st, 2010
Here are the levels I will be watching for tonight’s Asian & London trading sessions. Also, I have a smaller chart showing a reversal for the $EURUSD. It could be considered a spinning top or a Hangman (whatever you want to call it, it’s considered a reversal) – the buyers & sellers are fighting for a price.
Resistance levels for the $EURUSD – 1.3534 & 1.3570 – above 1.3570, it’s to the gutter for the $USDX
Support Levels for the $EURUSD – 1.3504, 1.3486 & 1.3460 – In my opinion, if the $EURUSD gets below and HOLDS the 1.3486 level (green dashed line), the $USDX rally is back for the foreseeable future.
The red triangle is a pennant/flag/wedge which is bullish for the $EURUSD (just felt like putting that in there).
Here is the chart showing the spinning top on the one hour (you can see the obvious reversal)
Have a great night!!
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Lydia Idem has been investing in equities for 16 years and trading currencies actively for 5 and a half years. Her trading style is simple and short term. With a special feel for sterling, Lydia trades almost exclusively the GBPUSD and EURGBP. You can follow Lydia on Twitter and StockTwits... (more) -
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