Monday, December 28, 2009

EUR/USD Day Chart

Euro/USD chart added in charts section (see above).

(daily)Pivot = 1.4858, R1= 1.4499, S1= 1.4273

Primary Trend = down (below pivot and trend-line)

Short Trend = up (30 min higher lows)

tip.. watch resistance level 1.4499 in daily-timeframe and any attempts to get above it and watch the peak and troughs in the 30m time-frame. This will give you the approximate current strength of the USD because 57% of the dollar index is vs the Euro (known as the anti-dollar). This pretty much wraps up the trading year. Good luck forex traders!


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