Friday, June 18, 2010

Forex-Eurousd to test 200 MA

As stated earlier, Euro is set to test the 200 MA or around 1.242 based on 4 hour chart. Breaking that Euro is expected to move higher. The next point to consider will be the cracking of the bollinger and downward trendline on the daily chart which is around 1.27 -1.28

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