- EURUSD Testing Multiple support levels like 200 SMA and Golden ratio. Possible rising support line too is trying to act as support.
- Price has broken below the 20 Week SMA whcih was discussed earlier. If price gets support at the above mentioned levels then the weekly candle may get back above 20 Week SMA.
May 13, 2014
- SPY closes above the resistance zone.
- Weekly chart shows bulls trying to extend the larger trend. A Weekly close above the resistance zone may lead to bigger up moves.
- Bears must hope for a negative reaction from the upper bollinger band.
- APPLE CHART ANALYSIS