October 18, 2012

EURUSD Resistance levels

 
  • EURUSD Weekly chart at 38.2% Fibonacci level.
  • Price near weekly resistance line and weekly cloud which may act as resistance.
  • Trading above the fib level and resistance line may give an up move into the cloud. But the long term trend of EURUSD Will only change on a weekly cloud breakout which is unlikely to happen for now.

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