September 6, 2012

EURUSD Resistance levels

 
  • EURUSD Weekly chart shows price near falling resistance line from 1.45 through 1.32.
  • Daily chart shows price nearing 200 Day SMA.
  • Price moving up in a channel and nearing resistance levels. Daily chart also trying to form an inverted head and shoulders formation. So we might see a fall towards 1.21 levels before an up move could happen.

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