Wednesday, August 12, 2009

EUR/USD Another Tail!!!! See Chart


EUR/USD after creating a Bear Trap and confirming a strong Long Term Support around 1.4125 level moves up. Bear trap with a price level staying above the 100 and 200 Bar Moving average on 5 min chart...the market might looks Bullish. (Strong) 1.4247 is the next resistance level.

See Chart

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