EURUSD Analysis 17th August, 2012

August 17, 2012 in Forex Analysis

EURUSD  Analysis 17th August, 2012

Pair has formed Head & Shoulder pattern in Daily charts, targeting towards 1.2690

It has resistance @1.25 &1.2740 and Support @ 1.2040. Yesterday pair closed above 50 days simple moving average and RSI (14)  is above its midline 

My Overall View is bullish towards level 1.38 

Buy @1.2375 Stop @1.2260 Target @1.25 & 1.2690, 1.2740

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1 response to EURUSD Analysis 17th August, 2012

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