May 10, 2013

EURUSD Death cross an update

  • Price testing 50 Day SMA.
  • Death cross in daily chart is still valid. Price closing below 50 Day SMA will strengthen the bearish cross.
  • For now though price is in a range as shown in four hour time frame. Breaking this range on the down side will confirm the validity of the bearish death cross. Range if breaks on the upside will invalidate the death cross.

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