June 20, 2014

EURUSD Nears DEATH Cross

 
  • EURUSD 4 Hour chart shows price falling back into the cloud. Recent attempt to stay above the cloud of this time frame too has failed.
  • Daily chart shows weakness as pair nears 50 and 200 Day SMA. Pair also nears a death cross in daily time frame as 50 SMA is about to cross below the 200 Day SMA.
  • Performance of Death cross will be decided by the weekly up trend line. If this line goes the death cross will look good. 
  • GOLD VIOLATES RESISTANCE LEVELS
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