Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 15, 2012
EURUSD Support and resistance
EURUSD Four hour chart shows support and resistance lines. Price contraction may soon lead to a bigger move.
Daily chart shows support at 1.2241. Breaking below this could give correction towards 1.2170 levels.
For bigger up moves price need to close above 50 SMA.
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