EURUSD Technical chart | 04-Jan-2012

Below is the technical chart of EURUSD with Doda-Donchian and Doda-Bollinger Bands indicators.

Although both Doda-Donchian and Doda-Bollinger Bands gave buy signal @1.29716, it’s facing tough resistance at 1.3042 and 1.30744. So, once it crossed this level, it will start its bull run. Ofcourse, make a stop loss of 1.29054.

On the upside, first target is 1.3119.