November 24, 2016

EURUSD Month Support zone

  • EURUSD Month and Week time frame shows price nearing a possible support zone.
  • Pair need to stay above 1.0456 levels for a reversal to happen.
  • Hour chart showing price continues to trend below 100 Hour SMA.
  • Hour may turn bullish only when pair moves above 100 Hour SMA line and stay above 1.0622 levels.
  • Strength in Dollar can also lead to the Pair breaking below the Month support zone.
  • GOLD Chart Update

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