June 29, 2015


 
  • EURUSD Month chart shows price unable to close above the broken golden ratio.
  • Daily cloud is acting as support.
  • 4 Hour cloud is acting as resistance.

  • Nifty testing strong resistance zone. Bulls need a cloud breakout on daily closing basis to extend this up move.Price for now is in a range between 8300 - 8400 levels. This range must resolve for bigger directional moves to happen.




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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore