EURUSD Technical Analysis On 31st January, 2013

EURUSD Hit Double Top and Possible to go Down

"Double Top Pattern" Seen in EURUSD counter at 135.82 line. So it clear that EURUSD has big resistance in this level. And has possibility to go down today towards 1.3510 line. Weekly solid up side movement now end and the pair going to take some correction toward south side.

Trading Tips:-

SELL EURUSD Below 1.3585 TARGET 1.3535 , 1.3510 

x

Alternative Scenario:-

BUY EURUSD Above 1.3595 TARGET 1.3610, 1.3635