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We need to see a close above (1.4007) or below (1.3820). EURUSD is struggling in a battle between both market forces (bulls and bears) the instrument has a trading range to break. Any four hours close above (1.4007) will open the way for a little push upward to test the resistance level at (1.4087), and a four hours close below (1.3820) will let the instrument test the next support level at (1.3775).
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 Summary
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 Direction
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 Moving Averages
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 Reversal Probability
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 Oscillator
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1.4345
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1.4254
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1.4159
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1.4087
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1.3997
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1.3844
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1.3775
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1.3677
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1.3586
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1.3546
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Stochastic Oversold 19 Oct 2010 04:04:31 GMT |
EURUSD Stochastic (14) main line entered hourly oversold zone. Traders should NOT consider any short term short trades. |
MA Penetrated 19 Oct 2010 03:04:31 GMT |
EURUSD has closed above 30 SMA. This should empower bullish short term technical outlook. |
MA Penetrated 19 Oct 2010 02:04:30 GMT |
EURUSD has closed below 200 SMA. This reflects supply forces victory on short term technical outlook. |
Hourly Alerts
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