January 23, 2012

EURUSD Trend update

  • EURUSD is doing an oversold bounce as seen in the last chart. Up move will pick up momentum if it is able to stay above 61.8% level.
  • Daily chart is trying to stay above 20 Day SMA. Price is moving towards 50 Day SMA which may act as resistance.
  • Price in daily is below the cloud which will favor bears of EURUSD
  • DOW JONES WEEKEND ANALYSIS
  • SILVER WEEKEND VIEWS


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