June 19, 2014
- EURUSD Weekly chart shows price moving up from 23.6% Fib level.
- Four hour chart too is trying to stay above the cloud. Recent attempt to stay above the cloud for this time frame was failed.
- Now the crucial level here is the 200 SMA of Daily time frame. Unable to clear this level on closing basis may resume selling.
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.