2waytrading

Monthly Chart signals downward momentum far from over

FX:EURUSD   Euro Fx/U.S. Dollar
209 0 1
We expect recent bounce off from July low to continue to towards Feb's high at and around 1.37098 area before it resumes downward trend which so far remains intact. If EURO             manages to crash Feb's high the rebound from 2012 will continue towards 1.40000. Both RSI and MACD signal weakness and change of direction or continuation of recent direction (down). If u like follow us and stay tuned fro more to come.
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