EUR/USD Signal- Nov. 20, 2012

Alp Kocak

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

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.