January 27, 2012

EURUSD Trend update

  • EURUSD Daily time frame is trying to stay above 50 Day SMA. 
  • Cloud may act as resistance. If price stays above 1.3144 which was a previous support level then EURUSD may be able to continue this up move.
  • Daily candle closing below 1.3144 and  50 Day SMA again will be negative for this up move.


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