October 11, 2012

EURUSD Chart analysis

 
  • EURUSD 4 Hour chart shows crucial support and resistance levels. Price moving up from 200 period SMA.
  • Daily chart shows 50 and 200 SMA converging. So the range that's developing in daily chart may soon get resolved.
  • Price is near the weekly down trend line so a breakout should above this line for a bigger up move. Price closing below 50 and 200 SMA Shall resume the down trend.
  • APPLE CHART UPDATE
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