March 28, 2014

EURUSD Chart analysis

  • Price testing crucial support levels of daily time frame.
  • Bigger weakness for EURUSD if price starts to trade below 100 Day SMA and the cloud.
  • Bullish candle here may give a bounce for EURUSD Bulls.

Bank of America analysis after closing bell

  • Daily chart is testing its 50 Day SMA after a Dark cloud cover pattern in daily time frame
  • Weakness in daily chart is yet to affect the weekly time frame.