EURUSD Technical chart | 04-Jan-2012

 Below is the technical chart of EURUSD with Doda-Donchian and Doda-Bollinger Bands indicators.

Although both Doda-Donchian and Doda-Bollinger Bands gave buy signal @1.29716, it’s facing tough resistance at 1.3042 and 1.30744. So, once it crossed this level, it will start its bull run. Ofcourse, make a stop loss of 1.29054.

On the upside, first target is 1.3119.

READ  Buy GBPJPY | Technical chart | 07-Feb-2012

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