Monday, June 4, 2012

EUR/USD on Mon 2012-06-04

a picture tell all....

I favour short, hope EMA50 resistance serve it well to help resist EUR/USD down a little bit more.

However, breaking above this line might lead to a short term technical rebound - 3 to 4 days may be, to return to 1.2850 - 1.2900 region.  For the bear to gather strength before it continue to drop further towards 1.2100 and 1.1900 (June 2010 low).

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