Forex Trade Alert for EUR/USD
- The euro broke through resistance at 1.50
Forex Trade Alert For EUR/USD
5th Wave Up EUR/USD As of Dec-04-2009.
The euro broke through resistance at $1.50 before retracing to test the new support level. Respect would offer a short-term target of $1.53. Momentum holding above zero confirms a strong up-trend; the bearish divergence so far indicates consolidation, but reversal below zero (while unlikely) would signal a correction. Expect a test of $1.60 in the medium to long-term.
4xGenie Action: ==> Remain out of this market! Today’s candlestick appears
in the yellow shaded area of the chart. This reflects strong consolidation here! A divergence in the MACD indicator has been found. When this appears on a 5th wave this could be a sign of exhaustion. The current upward trend may soon correct or end. The CCI has crossed below 100. Look for falling prices soon.
Next Day Trading Range.. High: 1.5070 Low: 1.5041
Next Day Breakout Points High: 1.5083 Low: 1.5025
Current Day Trading Session:
Momentum is continuing upward at the present time.
Next Day Trading Session:
If the next day’s close is below 1.5033 then that could be a sign that the current upward momentum is reversing.
4xGenie Suport Team.
No Buy or sell Recommendation !!!
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=0bc5bfb4-f42b-4b70-ac70-cdfd32a4e58c)
Tags: forex pips guarantee, forex quote script, forex brokerage ranking, forex chart, forex signals testimonials, forex robot review, forex exchange helsinki
Post from: Forex Genie Trade AlertsForex Trade Alert for EUR/USDSocial Bookmarking Tweet This Post
Post from: Forex Genie Trade Alerts
Forex Trade Alert for EUR/USD
More: continued here
