August 2, 2012

EURUSD Chart analysis

  • EURUSD up move was stopped by the 50 Day SMA.
  • Resistance levels was also a previous support zone in daily chart.
  • Following the news EURUSD was highly volatile at one time the hourly candle did a 200 PIP move. It was a false move price now back into the hourly channel.

1 comment:

  1. Dear San,
    Infy RT chart is not working. If possible pl rectify.
    Thanks in advance