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Good Morning...

This is my simple analysis for s and resistance. Could be used for locate another chart setup. Depends on price movement on selected areas.

Resistance 1 = 1.400x
Resistance 2 = 1.413x
Resistance 3 = 1.428x

Support 1 = 1.388x
Support 2 = 1.385x
Support 3 = 1.371x

Any movement toward 1.3942 is a signal for moving to a new resistance and if the last price is broken, that a signal for moving towards to the next support and so on...

Gudluck guys...

Hello guys...

nice to see you all again... This my view for eurusd, in my opinion we are at support area for pullback.

Thomas N. Bulkowski

John Wiley and Sons, 2002 - 439 pages


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Thomas N. Bulkowski (Keller, TX), an active investor since 1981, is the author of the highly acclaimed Encyclopedia of Chart Patterns (Wiley: 0471295256) as well as numerous articles for Technical Analysis of Stocks & Commodities. Trained as a computer engineer, Bulkowski worked for over a decade at Tandy Corporation. Prior to that, he worked on the Patriot air defense system for Raytheon.

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From the chart, we can see there is a double top. Double top pattern in price action means a strong signal to reverse.

If we look at price activity now, support has been broken, the level to watch is 1.6066.