EURUSD trend

The secondary trend of EURUSD is sideways on charts. In its hourly chart, the pair is sustaining above its rising trend line, indicating the downside movement. It is not sustaining at higher levels and consolidating with strong negative bias to give break out at downside. Its 30 and 200 DMA are also supporting the upcoming bearish trend in the pair. It is having an important support at the level of 1.1305. If it breaks its support level and sustains below it then we can expect it to show further bearish movement in the pair.


STRATEGY: EURUSD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

Just a question, Tayalsmith, but why do you keep posting all these in [I]Newbie Island[/I] when there are so many more appropriate places in the forum for them, and why do you start off a new thread for each individual post you make (that takes up a larger proportion of “page 1” and pushes other members’ newbie questions onto the next page, where almost nobody sees them and they can’t get the answers they hope for)?

Why not put them here, in the part of the forum reserved for and dedicated to this kind of stuff: [B]The Analyst Arena[/B] ?