Forex | Forex | EUR/USD: (1.4034) Above Triangle pattern, but at apex (see graph) (01/07/2009 05:56:08)

EUR/USD: (1.4034) Above Triangle pattern, but at apex (see graph)

Daily Long Term Moving Average↑ (1.3956 today) managed to act as Support in recent downmove, with pair above Triangle pattern, but at apex (see graph). Support area at 1.4000 (reaction low hourly), with next levels at 1.3982 (current week low + daily Bolllinger midline), ahead of 1.3964/ .3956 (daily envelope bottom/ daily Medium Term Moving Average→ + see above), where pause favored. If wrong, next levels at 1.3916 (see below), ahead of1.3889/ .3888 (reaction lows hourly) and 1.3866/ .3860


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