EURUSD technical chart | 05-Oct-2011

Here is a technical chart of EURUSD currency pair with Doda-Donchian, Doda-Bbands and Bbsqueeze dark indicators.

The above mentioned indicators gave sell signal on 30-Sep-2011 @1.35205. This was already expected as mentioned in my previous posts, where I suggested not to take any long call and not to miss any short sell signals in EURUSD.

Now, after giving signal, this currency pair started its downward journey and at the time of writing this post, giving a total profit of about 230 pips.

Now, watch these levels carefully as during these levels, EURUSD will surely take some break. The important levels are 1.3240, 1.31250 and 1.31640. These are important support levels and targets for shorter time frame trading.