June 24, 2010

EUR/USD hour chart analysis

  • EUR/USD hour chart is trying to show a positive picture.
  • one candle has closed above the 50 hour SMA.
  • And it is right in the middle of the ichimoku cloud.
  • Closing above the cloud will be positive for the short term.
  • But closing above the cloud will not be easy, the pair will face stiff resistance.

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