March 7, 2013

EURUSD Trend update

DAILY CHART
4 HOUR CHART
  • 4 Hour charts shows 50 period SMA and 23.6% Fib level as crucial resistance levels. Sustaining above 23.6% Fib level may lead to a bigger pull back. 
  • Second chart shows daily chart with 200 DAY SMA. Price yet to test this level. A bottom formation at these levels may lead to a trend reversal.
  • ES UPDATE



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