Wednesday, April 24, 2013

EUR/USD Trading in Downtrend Channel – Rises Could be Sell Opportunities

EUR/USD is trading in a downtrend channel on the  hour chart. The channel was formed late last week and the euro follows a choppy course downwards. 1.2960 serves as initial support, followed by 1.2880 and 1.28. 1.30 serves as a pivotal line within the range and resistance appears at 1.3050. Here is a chart of
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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