No long position in EURUSD yet | 28-Sep-2011

Doda-Donchian and Doda-bbands have given buy signal in EURUSD chart as shown below.

The buy signal was given @1.36425. But I don’t recommend to take this buy signal as EURUSD is trading near very strong resistance. Infact, one should take long position in this currency pair if the price CLOSES above 1.36490 on H4 time frame chart.

Look at the short position carefully and do not miss that opportunity.