EURUSD Technical Chart | 26-Sep-2011

In my previous articles on EURUSD, I’ve explained why NOT to take long position. If you’ve followed that, you can see the weakness in EURUSD chart below.

This is the technical chart of EURUSD with Doda-Donchian and Doda-Bbands indicator. Both of them together gave Sell signal @1.35875 and it started its downward journey from there. At the time of writing this post, the total profit was of about 191 pips.

Watch the support and resistance levels carefully as shown in chart.