EUR/USD Signal- Nov. 20, 2012



Currency: EUR/USD
Trend Expected Direction: Flat
Method: Ichimoku, Technical Analysis
Description: EUR/USD pair has been struggling to pass 1.2820 resistance which also converges with the top of the Ichimoku clouds on the 4H chart. I expect this strong resistance to remain intact as the charts suggest the bulls are getting weaker.
Recommendation: Short
Target Area: 1.2710
Stop-Loss: 1.2825

EURUSD SIgnal 112012

Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.