January 25, 2012

EURUSD Trend update

  • EURUSD Getting resisted at 50 Day SMA.
  • Price is also below ichimoku cloud of daily time frame which will act as resistance.
  • There is a possible bullish formation trying to take shape. Price sustaining below 1.2826 levels will negate the bullish possibility. Medium term trend change possible only on price breaking above the cloud.

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