How to use the Heiken Ashi indicator in EUR/USD technical analysis / Jan 17th 2013/MBCFX
http://www.youtube.com/watch?v=yc03uJ0JKS4
http://www.youtube.com/watch?v=yc03uJ0JKS4
The EUR/USD has started forming a downtrend, and we
notice that through the forming of Heiken Ashi on the
daily chart, and the downtrend is also confirmed by the stochastic indicator
which has entered in the overbought step, and started changing to a bearish
trend.
So we are still expecting that the prices would
decrease to reach the 1.3224 level, and if it breaches down this level, the
next target would be towards the 1.3158-1.3188 area.
