EURUSD Technical Chart | 24-Nov-2011

Here is the technical chart of EURUSD currency pair with Doda-Donchian and Doda-Bollinger Bands indicator. I’ve sued H4 time frame below.

Starting from 31-Oct-2011 (not showin in the above chart), when Doda-Donchian and Doda-Bollinger Bands gave sell signal in EURUSD, it’s moving downtrend. It happens many time, that the price started trading above Doda-Donchian line, but that was not supported by Doda-Bollinger Bands. So, downtrend and weakness in chart was intact.

Even now, it’s trading down. The major levels are:

Support: 1.3252

Resistance: 1.35666, 1.36064,