June 23, 2010

EUR/USD hour and daily under the cloud


  • Eur/usd daily chart and hour chart shown with ichimoku cloud.
  • Both the time frames showing down trend according to the cloud.
  • In daily chart the pair has been trading under the cloud since it went down below 1.47
  • In hour chart the pair was trading above the cloud when the pair made a recovery form 1.19 areas but again its trading below the cloud in hour chart now.
  • Now the pair is approaching 50 hour sma and the cloud in hour chart.

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