REALTIME CHART BASICS:EURUSD: Overall bias still to the downside as EU's zone woes continue to drag on. A break below the pair's upward trajectory within a very tight ascending channel could signal more losses. Its pertinent to note that the pair is currently kissing its 4HR 200SMA a potent resistance zone. However, a critical look at a longer timeframe (Daily) suggests the pair is over extended with technical studies indicating positive divergences on MACD & Slow Stochastics signalling a potential reversal/short-squeeze. See older post: http://twitpic.com/8415bt . The upcoming EU summit could weigh heavily going forward. Trade at your own risk. #forex