Thursday, July 26, 2012

EUR/USD move up. Daily Chart view.

EUR/USD has moved up quite a bit since yesterday. Here is the chart analysis I promised. Euro is hitting resistance around the 20-day EMA & the 38.2% Retracement of the move down from A to D. Long is still valid. Traders may want to take some profit here. Place stop at break-even and try for 50% and/or 61.8% Fib. Level(s).


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