KrunchieKilleen

EUR/USD Downtrend to moderate or reverse

FX:EURUSD   Euro / U.S. Dollar
298 0 3
Perhaps the Euro             has fallen far enough against the US Dollar             . Leaving out the Down-spike of 26 June ( Euro             sell-off on Asian markets), the Support Line S1 is tending to converge with Resistance Line R1. The Parabolic S line may be a better indicator of the Support Level . The price, moreover, has moved far enough away from the Moving Average to warrant a move back.
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