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EUR/USD: bulls are test resistance

Tuesday, February 09, 2010 GMT

By: Investija

Narrow trading range is formed for now, however bulls are looking forward to test resistance barrier. Above resistance, look for short term upswings.

However, negative trend is still active and long positions should be considered. At the moment, waiting action is better to look for.

eurusd 09 february 10

		Support	Resistance
1 Hours	NEUTRAL TREND	1.3630	1.3739

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<h1>EUR/USD: bulls are test resistance </h1> Tuesday, February 09, 2010 By: <a href="http://www.investija.com/" target="_blank">Investija</a> 
 
Narrow trading range is formed for now, however bulls are looking forward to test resistance barrier. Above resistance, look for short term upswings. 
 
However, negative trend is still active and long positions should be considered. At the moment, waiting action is better to look for. 
 
<img title="eurusd 09 february 10" alt="eurusd 09 february 10" height="250" src="/files/eurusd9feb10.jpg" width="503" /> 
 

<table border="1" cellpadding="1" cellspacing="1" style="width: 385px; height: 61px;">
	<tbody>
		<tr>
			<td>
				<span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;">&nbsp;</td>
			<td>
				<span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;">&nbsp;</td>
			<td>
				<span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;">Support</td>
			<td>
				<span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;">Resistance&nbsp; 
				</td>
		</tr>
		<tr>
			<td>
				<span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;">1 Hours</td>
			<td>
				<span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;">NEUTRAL TREND</td>
			<td>
				<span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; font-size: medium;">1.3630 
				</td>
			<td>
				1.3739 
				</td>
		</tr>
	</tbody>
</table>
 
 
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