AdaptiveForexTrading

Zones of Support and Resistance: Update 11/15/2012

FX:EURUSD   Euro Fx/U.S. Dollar
444 0 1
The price continues to decline in a slow orderly fashion. It is important to pay attention to the support zones for a bounce and a possible continuation of the bullish trend . One key level is at 1.2745 where the high on the June 18 intersects with the current support trend line . I believe the strongest zone of support to be between 1.2515 and 1.2587 where the previous breakout occurred.

Zones of Support
1st: 1.2824 - 1.2809
2nd: 1.2745
3rd: 1.2662 - 1.2587
4th: 1.2515 - 1.2434

Zones of Resistance
1st: 1.2990
2nd: 1.3170
3rd: 1.3287

Update 11/15/2012

The EURUSD             had finally found support in the 3rd Zone and the 1st Zone has now become resistance. I believe that there will be another attempt at a bearish run before finding support at 1.2604 based on a previously posted weekly chart.

Will History Repeat Itself?


Based on your own evaluation do you believe we are ready for another bull run or a continuation of the bear run?

Zones of Support
1st: 1.2662 - 1.2587
2nd: 1.2515 - 1.2434

Zones of Resistance
1st: 1.2824 - 1.2809
2nd: 1.2990
3rd: 1.3170
4th: 1.3287
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out