EUR/USD Is Hitting Support

Doug Rosen

By: Doug Rosen

The EUR/USD starts off right on support.  It will be interesting to see what will happen since price is riding down the ema's very hard and the downtrend has been quite strong and possible price may be able to break this support area. 

 EUR/USD Daily Analysis, November 25, 2011

On the 4 hour timeframe price has been riding the ema's to the downside.  On the hourly timeframe price is riding down along the ema's with Bollinger bands pointing down. 

 EUR/USD 4hour Analysis, November 25, 2011

Ont he 15 minute timeframe price is making a swing fib.  Price has fallen below yesterdays low and his retested it. 

 EUR/USD 1hour Analysis, November 25, 2011

We will need to watch the EUR/USD  to see if it breaks support or simply double bottoms and heads back up.

 EUR/USD 15minute Analysis, November 25, 2011

Doug Rosen
Doug Rosen is a Florida-based Forex trader who became a skilled technical trader through 3 years of intense practice and self-teaching. He now coaches a live trading room and analyzes the market on forextradeplans.com.

Did you like what you read? Let us know what you think!

exclamation mark

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

0 User comments

exclamation mark

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

Read more
Add new comment
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.