Sunday, October 18, 2009

EUR/USD Latest development

EUR/USD broke the trend line on a H4 chart. Dollar might see a day or two of straightening. This can be a correction as the trend is Bearish for Dollar.

Thought:
If EUR/USD on H2 and then on H4 chart have Moving averages (EMA 10 with 90) crossover then we might see a dip towards 1.4720. Dollar might see a day or two of straightening. This can be a correction as the trend is Bearish for Dollar.

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