Monday, August 4, 2014

Technical Analysis - EURUSD, M30

11:50 PM

Commodity currency pair EURUSD still are close to the level of 1.3420. The market in the short term resistance is at the upper limit set by the triangle formation. If we can beat this line are possible renewed increases toward the area of supply in the 1.3440 price area. Below we support designated by the lower limit of the said triangle and a line 1.3416, where also run local mini ma. Breaking the zone surrounding open the way to 1.3400.

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