Channel's upper boundary also coincides with 200MA and seems to be providing good support. Next support following up is 100MA. Price is expected to bounce form there.
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| EURUSD Daily: Bullish Scenario |
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Monday, October 1, 2012
EURUSD Bullish Scenario
EURUSD has been in a pullback mode since QE3 announcement. The price has pulled back to the channel's upper boundary and is bouncing from there.
Channel's upper boundary also coincides with 200MA and seems to be providing good support. Next support following up is 100MA. Price is expected to bounce form there.
Channel's upper boundary also coincides with 200MA and seems to be providing good support. Next support following up is 100MA. Price is expected to bounce form there.
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