EUR/USD Technical Analysis 06.04.2012

Amy Forex

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Hi Traders,

The Daily candle closed yesterday inside the Ichumoku cloud reflecting the possibility to the euro/dollar to get back to the 1.3105-1.3130 area, but the general trend of the market remain descending and any penetration down to the 1.3015 level, representing the Moving 500, will push the prices to the 1.2980 and the 1.2906 level.

Please be aware of today’s risk of excessive fluctuations in the currency market as a result due to the condensation of economic news.

chart06.png


Good luck for all ;)
Read more http://www.mbcfx.com/news/news_en06_04.html
 
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