October 23, 2012

EURUSD Golden Cross

  • EURUSD Daily chart near up trend line and 50 Day SMA.
  • Daily chart also shows a bullish golden cross.
  • Bullish cross will become weak if price falls below 50 Day SMA and a whipsaw cross if price falls below 200 SMA. For now Bulls of EURUSD need price to hold above 50 SMA for the Golden cross to work well.

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