EURUSD Technical Chart | 15-Sep-2011

Here is a latest technical chart of EURUSD currency pair using Doda-Donchian, Doda-Bbands and BBSQueeze Dark indicators.

We’ve witnessed a steep downtrend in this currency pair in last few trading sessions. As expected, which I’ve already mentioned in my previous post, EURUSD bounced back from its low now.

It’s trading near Doda-Donchian line. If it closes above this line, the indicator will give buy signal. Here, I want to highlight one important point. EURUSD major resistance is at 1.3833. Watch this level VERY carefully and take your buy signal if it manage to cross this level AND close above this level. The immediate support level is at 1.3612.