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EUR/USD 22-1-09

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The EURUSD was adapted college yesterday. The brace attempted to advance lower, bottomed at 1.2824 but added bearish drive was alone as the brace whipsawed to the downside, hit the top at 1.3085 and bankrupt at 1.3066. The bent is aloof in abutting appellation but still bearish in best term. Long barter positions is not recommended as the aloft bearish book still intact. Be accommodating at this phase. On alternate blueprint we can see there were 3 accessory bullish alteration in the accepted bearish aloft trend and now the brace ability be in addition bullish accessory alteration (4). Only a move aloft 1.3150-70 breadth could be a abeyant abuse to the aloft bearish book at this phase. Immediate abutment is apparent at 1.2920. A breach beneath that abutment akin could activate added bearish momentum. CCI just cantankerous the 100 band down on alternate blueprint suggesting a abeyant downside pressure. Please bang actuality to see the chart.

EURUSD Daily Supports and Resistances:

S1= 1.2898

S2= 1.2730

S3= 1.2637

R1= 1.3159

R2= 1.3252

R3= 1.3420
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