Tuesday, January 13, 2015

EURUSD Overview

The EURUSD keeps falling since May 2013 after the Double Top formation. The 200 SMA maintains a strong bearish slope. Last week the Euro reached the 1.17550 level and today we've had a retest. If the support holds, next resistance could be found at the 1.18690 level and at the 1.20400 level (low of 2012). On the downside support could be found at the 1.16518 level (low of 2005).


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