EURO/USD Updated 03/11/2011

EURO/USD UPDATED


Euro is bear pressure on Wednesday's low at 1.3855, and a break lower towards 1.3800 is threatened. Failure to keep the low of Wednesday's neutralising doji candle intact would strengthen Monday's reaction high at 1.4036, creating downside risk towards the 1.3745/1.3761 support area, incorporating a downwave equality target. Keeping 1.3855 intact would prompt a recovery towards 1.3942, but only as part of bearish continuation pattern.


Euro dalam tekanan aliran penurunan pada Rabu 1.3855,dan ditutup rendah sehingga 1.3800.Kemungkinan jika harga euro gagal mengekalkan harga rendah pada Rabu lepas "Doji Candle" memungkinkan kekuatan untuk harga tinggi pada Isnin 1.4036,membentuk risiko penurunan sehingga 1.3745/1.3761 "support area" dan bersangkutan dengan gelombang penurunan("Downwave") .Jika harga euro pada 1.3855 boleh membuat penutupan harga tinggi sehingga 1.3942 tetapi hanya separuh "bearish"atau harga penurunan akan berterusan.


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