June 24, 2010

EUR/USD Trading below fifty hour SMA

  • EUR/USD has give away half of the gain it had managed over the last two day's.
  • Now it is trading below the 50 Hour SMA.
  • The Pair tried to go above the Ichimoku cloud in hour chart. But got resisted at the top of the cloud.
  • It seems on every rise this pair is getting sold off.

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