- Bears are Seeing a Bearish cross with 20 and 50 Day SMA which will be effective as long as price stays below 50 SMA.
- Bears are also seeing a Bearish Head and shoulders pattern for that too 50 SMA is important above which pattern will become weak.
- Bulls are only seeing a range. Price stuck on the bearish side of the range. Price on moving above the shaded portion and 50 SMA should give enough momentum for a breakout.
- EURUSD DAILY SUPPORT LEVELS
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
November 6, 2012
S&P 500 Futures daily chart analysis
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