Categorized | Chart of the Day, EUR/USD

Chart of the day EUR/USD

Posted on 19 June 2009 by Forex Trends

EURUSD step by step and heading towards the resistance line at 1.3984 price level. If candles are going to stay above 1.3960 we can be more confident about the bulls. At this situation trend came back to neutral status and we should wait for new possibilities. In a long run we can still see from a channel that the movement is positive, but we shouldn’t forget that if a reverse happens now, positiveness would be broken.

TA.EURUSD 2009-06-19 TA.pdf

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