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EUR/USD Awaiting break from the 1.3250-1.33 Consolidation Range
Consolidation: The EUR/USD has stalled a rally just under the 1.33 mark. The 1H chart shows the consolidation ranging down to 1.3250. the lows have not be very consistent, but the highs have been consistently around the 1.3295 mark. As we get started in the 7/29 US session, the market is again retreating from the consolidation resistance. RSI, moving averages: The 1H RSI shows that the market still has bullish momentum in this time-frame, as the indicator has held mostly above the 40 market and has tagged 70. The moving averages also reflect a bullish market with good strength, though the smaller period MAs are now ... (full story)
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- Jul 29, 2013 8:42am Jul 29, 2013 8:42am
- jonathanhk
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- jonathanhk
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- Jul 29, 2013 9:03am Jul 29, 2013 9:03am
- arenoosh
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Buy when everyone else is selling and sell when everyone else is buying !
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