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Mid & Long Term

EURUSD-CHART - SINCE ONE WEEK THE LOWS ARE HIGHER THAN THE DAY BEFORE .....

Thursday, July 19, 2012 5:09 AM GMT
..... AND SINCE THREE DAYS ANYTIME THE LEVELS AT 1.2200 WHERE TESTED EURUSD RECOVERED BACK CLOSE OR ABOVE THE OPENING LEVEL .....
IT LOOKS FOR LIKE THE EUR BEARS RUNNING OUT OF POWER FOR THE TIME BEING.
 
PROBABLY IT MAKE SENSE TO DEAL WITH A STOP LOSS ORDER IN CASE YOU LIKE TO KEEP POTENTIAL USD-LONG POSITION AG EUR.
 
CABLE RECOVERED NEARLY 250 PIPS SINCE THE LAST LOW SO FAR STILL BELOW THE 200 DMA. FOR TODAY AT 1.5752
USDCAD TRADES AROUND THE 200 DMA. MOMENTUM HASN'T INCREASED SO FAR BUT SHOULD BE MONITORED CLOSELY.
USDJPY ALSO TRADING BELOW THE 200 DMA ASWELL SINCE YESTERDAY.
AUDUSD HAS ALREADY REACHED A NEW HIGH SINCE TRADED DOWN TO 0.9585 AND HAS BROKEN THE 200 DMA 3 DAYS AGO AND MOMENTUM ACCELERATE.
  
CABLE AND EURUSD ARE THE ONES LEFT OF THE MAJORS TRADING BELOW THE 200 DMA.


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