January 25, 2012

EURUSD Trend update

  • EURUSD Getting resisted at 50 Day SMA.
  • Price is also below ichimoku cloud of daily time frame which will act as resistance.
  • There is a possible bullish formation trying to take shape. Price sustaining below 1.2826 levels will negate the bullish possibility. Medium term trend change possible only on price breaking above the cloud.


No comments:

Post a Comment