EURUSD Technical Chart | 10-July-2013

Below is the technical chart if EURUSD on H4 time frame with Doda-Donchian and Doda-Bollinger Bands indicator.

I’ve also used Kumo component of Ichimoku indicator also.

The first sell signal to sell EURUSD was given @1.3280 when the price closed below Doda-Donchian and Doda-Bollinger bands indicator.

After few candles, the price managed to close below kumo also; thus giving all bearish signals.

From that, it started it bearish journey to 1.2774 at the time of writing this article.

There is no profit-booking or exit signal at this stage.

But for this week, do not miss any sell signal below 1.2902. Take long position only if it closes above the level of 1.2902