If it break below rising channel, then 50fibo is expected to provide a good support.
Monday, October 1, 2012
EURUSD Dual-Channel
Since
the pair peaked 14-Sep after QE3 news, price is still coming down in a
descending channel. In doing so, it has again came inside the rising
channel. Price remains bullish till the rising channel holds it.
If it break below rising channel, then 50fibo is expected to provide a good support.
If it break below rising channel, then 50fibo is expected to provide a good support.
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