When to buy EURUSD? Technical Chart | 02-Feb-2012

Below is the technical chart of EURUSD on H4 time frame with 2 indicators – Doda-Donchian and Doda-Bollinger Bands.


EURUSD Technical Chart


Although the buy signal has been given by Doda-Donchian, but other one Doda-Bbands has not confirmed it yet. So, do not take long position before 1.32228. Once it CLOSES above this level, take long position for the target of 1.3358.


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