July 5, 2010

EUR/USD Hour chart wth 50 Hour moving average

  • EUR/USD pair is meeting its 50 Hour moving average for the first time after its break out.
  • And the pair is also near its hourly ichimoku cloud.
  • Since the hourly trend is up it should move up any time now. One can keep a close below 50 hour moving average as an exit point for the long trade.

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