EURUSD Technical chart | 14-Dec-2011

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

After getting sell signals from our indicators as mentioned above, EURYSD started its downward journey. But it is trading now at very major support level viz. @1.30987. This level has been calculated by various support and resistance levels, Fibonacci ratios etc. on weekly chart. The currency pair must bounce back from these levels in short term. If it breaks this level, then next support level is at 1.28648.