May 24, 2012

EURUSD Violating support line

  • EURUSD has violated the support level in daily chart and thus invalidating the double bottom pattern possibility.
  • Now price is testing a possible falling support line in weekly chart. Breakdown below it can extend gains for bears towards 1.23 levels and lower. Taking support here should give a rally towards 1.28 levels.
  • S&P 500 OVERSOLD WEEK


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