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Forex Signal - EUR/USD Selling Resistance
1-7-09
5:26a GMT - The EUR/USD continued its downtrend yesterday to just above 1.3300 before beginning a correction back above 1.3500 early today. Overall signals are still bearish and I am looking to sell near resistance at 1.3555.
Trading Idea: Look for bearish reversal signals on the 60M charts near 1.3555, with short targets favored back down to 1.3250 in the mid-term. On a sustained break of 1.3555 look for a re-challenge of resistance at 1.3650.
(click to enlarge)
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