March 9, 2013

EURUSD Trend update

 
  • EURUSD 4 Hour chart shows price getting resisted at 23.6% Fib level.
  • Price has fallen below 50 Period SMA.
  • Price testing the support zone. Close below this level will extend the down trend. EURUSD Bulls must trade above 23.6% Fib level for a bigger pullback to happen.

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