- price traded in a small range and closed below 20 Day SMA.
- Last chart shows the small range(1392 - 1401) just above 200 Hour SMA. Once price breaks out of this range we will get a bigger move.
- Breakdown below 200 Hour SMA should target 1386 levels.
- An upper breakout should help bulls to continue the primary trend.
- US DOLLAR NEAR RESISTANCE LINE
April 6, 2012
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