October 20, 2012

EURUSD Market Rhythm Update: October 20 2012

EURUSD Market Rhythm Update: October 20 2012

daily chart of eurusd



This is the daily chart of EURUSD I took on the weekend (10/19). The EURUSD continue to struggle after the EU Summit meeting.

4 hour market rhythm

While on the shorter time frame, the price action of EURUSD already showed a sign of reversal, possibly to SMA 89 (the thick red line) which is around 1.2960.

Already open the position and be prepared to wait at least a day or two to close the deal. Be Patient!
Share This

About ArrowFX

Technically analyze the forex market mainly on USDJPY, EURUSD and GBPUSD by using market rhythm method started by Philip Nel on Forex Factory. The thread started on 2007 and still alive.
Designed By Blogger Templates