June 19, 2014

EURUSD Support and Resistance levels

  • EURUSD Weekly chart shows price moving up from 23.6% Fib level.
  • Four hour chart too is trying to stay above the cloud. Recent attempt to stay above the cloud for this time frame was failed.
  • Now the crucial level here is the 200 SMA of Daily time frame. Unable to clear this level on closing basis may resume selling.

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