There is always a price for promises you don't keep!
-
EUR/USD Signals Bearish Continuation After Failure to Break Resistance Cluster
The EUR/USD failed to break above the consolidation high at 1.3866. This was a resistance cluster that included the 1H-200-period simple moving average. It was also 38.2% retracement and previous pivots. The sharp price action after the failure is a sign of bearish continuation. The RSI failure to sustain a break above 60 and fall back below 40 then 30 is reflective of the return of bearish momentum. Risk-off trading is seen across the board as the USD and JPY are winners against all higher yielding currencies. There is still potential support at the 1.3608 low down to the 1.36 psychological pivot. However...
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Nov 9, 2011 7:43am Nov 9, 2011 7:43am
- DragonFire
- | Joined Sep 2010 | Status: Member | 2093 Comments
- Comment #2
- Quote
- Nov 9, 2011 7:46am Nov 9, 2011 7:46am
- Mme
- | Commercial Member | Joined Jan 2010 | 45 Comments
- Comment #3
- Quote
- Nov 9, 2011 7:47am Nov 9, 2011 7:47am
- aboroy
- | Joined Nov 2011 | Status: Member | 15 Comments
- Comment #4
- Quote
- Nov 9, 2011 7:54am Nov 9, 2011 7:54am
- DragonFire
- | Joined Sep 2010 | Status: Member | 2093 Comments
There is always a price for promises you don't keep!
- Comment #5
- Quote
- Nov 9, 2011 7:55am Nov 9, 2011 7:55am
- gogax5
- | Joined Oct 2011 | Status: Member | 53 Comments
- Comment #6
- Quote
- Nov 9, 2011 7:58am Nov 9, 2011 7:58am
- eitherone
- | Joined Nov 2011 | Status: Junior Member | 2 Comments
- Comment #7
- Quote
- Nov 9, 2011 7:59am Nov 9, 2011 7:59am
- me-me
- | Joined Jun 2011 | Status: Member | 221 Comments
- Comment #8
- Quote
- Nov 9, 2011 8:02am Nov 9, 2011 8:02am
- Norw Spruce
- | Joined Aug 2009 | Status: Norw Spruce | 1 Comment
- Comment #9
- Quote
- Nov 9, 2011 8:05am Nov 9, 2011 8:05am
- DragonFire
- | Joined Sep 2010 | Status: Member | 2093 Comments
There is always a price for promises you don't keep!
- Comment #10
- Quote
- Nov 9, 2011 8:12am Nov 9, 2011 8:12am
- bhale
- | Joined Feb 2006 | Status: Member | 27 Comments
- Comment #11
- Quote
- Nov 9, 2011 9:35am Nov 9, 2011 9:35am
- Guest
- | IP XX.XX.128.69
- Comment #12
- Quote
- Nov 9, 2011 12:48pm Nov 9, 2011 12:48pm
- Guest
- | IP XX.XXX.34.145
- Comment #13
- Quote
- Nov 9, 2011 3:52pm Nov 9, 2011 3:52pm
- Guest
- | IP XX.XXX.34.145
- Comment #14
- Quote
- Nov 9, 2011 8:36pm Nov 9, 2011 8:36pm
- Guest
- | IP XX.XXX.194.119
- Comment #15
- Quote
- Nov 9, 2011 8:43pm Nov 9, 2011 8:43pm
- Guest
- | IP XX.XXX.194.119