Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
January 2, 2014
EURUSD Bearish Price action
EURUSD Daily chart shows price violating crucial support line.
Price nearing 50 Day SMA. eurusd bears need a close below 50 Day SMA for a bigger fall to happen.
Monthly chart is also pausing at the falling resistance line. Negative candle here would confirm bearishness in Monthly chart.
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