September 25, 2012

EURUSD Chart Update

  • EURUSD Daily chart shows price correction pausing at 23.6% Fib level and 20 Day SMA.
  • Daily chart also shows a bullish cross with 20 and 200 Day SMA. If price fall is limited to 200 SMA then this bullish cross should do well.
  • For a bigger up move Weekly chart should break above the falling resistance line.

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