Forex Trading: EURUSD Continues To Bang Against Support Trendline
Posted on February 27, 2012 at 14:18 PM EST
The EURUSD continues to bang against the support trendline at the 1.3380 level (currently). Earlier in the NY session, the trendline was broken but was quickly reversed.  I left the trendline in tact and over the last few hours the price has held support against the line.   Failure to break that line keeps the dip [...]

The EURUSD continues to bang against the support trendline at the 1.3380 level (currently). Earlier in the NY session, the trendline was broken but was quickly reversed.  I left the trendline in tact and over the last few hours the price has held support against the line.   Failure to break that line keeps the dip buyers happy. A move below the line should solicit more selling with the 1.3341 and the 100 hour MA at the 1.30306 level (currently), the next … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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