June 4, 2010

EURO VS DOLLAR MONTH CHART TRADING BELOW SUPPORT

  • Euro month charts is trading below an important support line.
  • Since the last month candle close below that support line. More bearishness can be expected.
  • Only a reversal from this level and trade above 1.27000 can bring bullishness back into the index.
  • Right now the trend is down and all the patterns are breaking down too. So it's better to be short.

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