Thu, 20th of November, 2008
By Setyo Wibowo
EURUSD Outlook
The EURUSD attempted to push higher yesterday. After made a breakout to the upside from triangle formation, topped at 1.2813, the pair whipsawed to the downside and break the triangle to the downside. This fact should support the current bearish scenario continuation. The bias is on the [...]
Wed, 19th of November, 2008
By Setyo Wibowo
EURUSD Outlook
The EURUSD made indecisive movement by opened and closed at almost the same price (1.2633 and 1.2636) formed a Doji candlestick formation on daily chart. We have a triangle formation on 4h chart as the pair has been trading in consolidation phase. A breakout from the triangle [...]
Tue, 18th of November, 2008
By Setyo Wibowo
EURUSD Outlook
The EURUSD was corrected higher yesterday. The pair topped at 1.2742 but closed lower at 1.2636. This fact force my model to go mixed with neutral bias in nearest term, but still with downside bias in longer term. Only a consistent move above 1.2750 area would be [...]
