My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 13, 2012
EURUSD Positive divergence
EURUSD Four hour chart shows a corrective up move in a channel
Daily chart continue to get resisted at 50 Day SMA.
Weekly chart is showing a positive divergence which needs price to follow up for a big up move to happen. Breaking recent lows will negate the formation of positive divergence.
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