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EUR/USD Bullish sentiment

Posted on September 11, 2009 at 4:17 in Medium & Long Term Techs by César B. Leiceaga

Looking at the daily chart, the pair has reached the 61,80% Fibonacci level at 1,4621 (purple line on the chart) from the whole drop 1,6037 - 1,2327.

If 1,4621 holds I’m expecting a pullback to the main trend line support (1,4300’s) in order to relax overbought indicators and continue the uptrend reaching 1,4720 and 1,4860 resistance zones.

César B.Leiceaga

Tags: euro, eurusd, eurusd technical analysis, usd

3 Responses to “EUR/USD Bullish sentiment”

  1. on 11 Sep 2009 at 5:05 am1Gladiat

    Enhorabuena César,
    Coincido plenamente en todos tus análisis, bajo mi punto de vista hoy deberíamos tener un retroceso por un hecho muy simple, el profit taking de las subidas de toda la semana en el EU.

    Saludos y sigue así que son de verdad los mejores análisis que he visto por ahí.

  2. on 11 Sep 2009 at 6:55 am2César B. Leiceaga

    Gracias Gladiat,

    La correción debería llegar pronto, lo único que todavia podríamos asistir a otro movimiento al alza antes de la correción. Esa es mi opinión, veamos como reacciona la semana que viene.

    Saludos,

    Cesar B.Leiceaga

  3. on 12 Sep 2009 at 7:25 am3Gladiat

    Hola Cesar,

    Parece que la corrección se ha hecho esperar y utilizaron las noticias para hacer saltar stops.

    Tus gráficos me agradan. Una pregunta… que broker utilizas? Está ubicado en España?

    Gracias,

    Gladiat.

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