Indicators :
- RSI Period 14 with 30 level as oversold and 70 level as overbought.
- The 4X1, 2X1, 1X1, 1X2 and 1X4 Gann Angels.
- Gann’s Price&Timing Study.
- Simple Moving Average 50 Period (Blue), 100 Period (Red) and 200 Period (Green) on the chart.
Before, I wonna say Happy New Year 2012 for your all visitter.
Previous my analysis about the Euro here, I still prefer the market acting in bearish scenario. Let take a look at my daily chart below.
Daily Chart
By the time by degree we saw the price would going down to 1.22xx level, RSI indicate in bearish mode and the price still below 50SMA as well.
