September 17,2012 Data Analysis

Technical Analysis. Data Analysis EUR/USD
Overall Trend: Downtrend

1. Weekly Chart:
  Resistance @ 1.344 (50day ema)
 support @ 1.2916

2. Daily Chart:
  Resistance @ FIB levels:

 38.2% 1.31878
 50%  1.35343

RSI level : 79.63 (overbought)

3. 4hr Chart:

  Resistance at 38.2% 1.31672
                       50%     1.35049

 RSI Level 84.48 (over bought)

4. 15 min chart= Entry/ exit


Strategy: Will wait for price breaking the 50 ema to enter 1st wave. (2k lot)
              Will enter 2nd wave after 50/200 ema for 15 minute chart is confirmed.(5k lot)
              Will enter 3rd wave when 50 ema will break. (3k Lot)

                                      Over all lots =10 lot