#FOREX Analysis: EUR/USD 24th FEB 2013....UP OR DOWN..?

EUR/USD charts...
Daily & 4Hour charts

Daily we have seen a upward channel which made a top @ 1.3660... last fridays candle closed as a dragonfly doji.. after its downmove

4Hour we have a downward channel presenting lower highs + recent spikes to the downside...

There is some support @ 1.3040..this looks like a great buying point..
Wil be on lookout throughout the week or potential long setups on the EUR keeping fundamentals in mind!

Happy Trading..
Astrofx13 .com

Views: 369

Tags: EUR/USD, analysis, euro, signal, trading

Comment by Kevin Henry Ostermey on February 25, 2013 at 5:37am
Hi Shaun, Have you looked at the USD/ JPY which opened much higher with a gap last night. Im currently long there to take profit @$97.70. Do you think 97.70 is attainable? Kind regards, Kevin
Comment by Shaun Powell on February 25, 2013 at 11:42am

euro up nicely today, bit dangerous to long UJ kevin i think

Comment by Kevin Henry Ostermey on February 25, 2013 at 12:39pm

thanks Shaun have noted your comment. Kind regards, Kevin

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