Euro

EUR/USD

With EUR maintaining its corrective Bullish mode, it should move to the resistance at 1.1133 in here.

Support lies at 1.1000, where a break points to 1.0950, and a break of here will point to 1.0900 then to 1.0850.

Resistance is seen at 1.1100, a break there open sthe way for more Southside towards 1.1150 Further up, resistance lies at 1.1200, a break break see 1.1250.

The single currency’s daily RSI is Bullish and pointing North indicating further strength,

Overall, Euro is biased to the Northside as it faces a recovery near term.

 After finding a trading system that works for you, the more cryptic and esoteric fields of study can then be incorporated into your technical and trading toolbox.The bottom line when utilizing any type of analytical method,technical or otherwise, is to hold to the basics, which are methodologies with a proven track record over a long period.

Technical analysis is a method of forecasting price movements by looking at purely market-generated data. Price data from a particular market is most commonly the type of information analyzed by a technical trader.

Stay tuned…

HeffX-LTN

Paul Ebeling