December 7, 2012

EURUSD falling from resistance zone

  • EURUSD Reacting from the daily resistance zone.
  • Price has fallen to its 50 Day SMA. If daily candle closes below 50 SMA we could see a bigger fall towards the 200 Day SMA.
  • One should also keep in mind the Golden cross shown in second chart with 50 and 200 Day SMA.
  • APPLE - THE DEATH CROSS
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