Saturday, December 18, 2010

Forex -Eurousd downward movement confirmed.

As stated earlier, it broke the trendline and moved below the MA 100 and 200, giving a strong confirmation of its downward movement.

Friday, December 17, 2010

Forex-Eurousd further downward movement

Euro broke the trendline. With the breaking of the MA 100 and 200, this will give a strong confirmation of its further downward movement.

Thursday, December 16, 2010

Forex-Eurousd

Since it has dropped below fib 61.8%, expect it to drop lower. So sell on high and look forward towards it dropping lower on a longer time frame.