EUR/USD Re-Test 1.31228 Area
27 January 2012 10:48:03 WIB
EURUSD
EURUSD succeed to continue the bullish movement and meet our target in previous analysis at yesterday trading session. Current movement of EURUSD on hourly chart is likely bullish and testing the resistance at 1.31228. Any breach the resistance potential trigger the further upwards to 1.31825 as the highest level at yesterday. Chance of bullish movement is reinforced by CCI and stochastic movement was likely up. But if the resistance at 1.31228 is survive, the movement of EURUSD likely bearish aim the support at 1.30858.
GBPUSD
GBPUSD on the hourly chart is likely bullish and testing the resistance at 1.56852 along with the technical indicators movement was likely up. Any breach the resistance potential trigger the further upwards to the next resistance at 1.57334. On the contrary be alert a support level at 1.56554 because if that level is broke, it can trigger the bearish acceleration to 1.56312 until 1.56071.
