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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