March 16, 2012

EURUSD Daily chart analysis

  • Ichimoku cloud of daily time frame is acting as support.
  • Pair is moving up from the cloud But a bigger up move will happen only if daily candle closes above 20 day SMA.
  • If it is a strong down trend price will not trade above 20 Day SMA. 
  • BANK OF AMERICA GOLDEN CROSS

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