March 29, 2015

EURUSD Trend update

  • EURUSD Daily chart nears 50 Day SMA and the cloud. Both these levels have acted as strong resistance levels for euro against us dollar.
  • Month chart shows a long lower shadow for the current month candle, Which suggest the pair is trying to form a reversal. Problem for this view is the remaining 2 day's of the Month. Bulls of EURUSD need a close at the current levels or Higher.

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