The hourly chart of EURUSD currency pair shows that EUR has conincingly crossed over the moving averages and is in a buy mode. EUR can be bought at the curent price keeping a strict stop loss of 1.37400. Any break below this price can see EUR falling to test its earlier lows of 1.36400. However it may be noted that EUR faces stiff resistance of 1.38100 to 1.38300 on its daily chart and it will be difficult to cross that level
No comments:
Post a Comment