EURUSD Technical Analysis Fri, 24 May 2013

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May 242013
 
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4XEagleEye Chart

2013.05.24 [Forex1 | Euro vs US Dollar] The outlook has grown increasingly bearish since EURUSD had remained below its latest swing high at (1.3008). If this resistance level is broken to the upside, the outlook will deteriorate.Our bias is on selling EURUSD with a stop loss above (1.3008) for today.

Market Snaphoot 1 Market Snapshots


Summary
Direction 		Moving Avg.
Indicators. 		96%
Reversal Prob.
Oscillator 		Candle Harmonic
1.2956 1.2985 1.3028 1.3120 1.3173
1.2903 1.2878 1.2850 1.2821 1.2796
Hourly Alerts
Stochastic Oversold 3 hours ago EURUSD Stochastic (14) main line entered hourly oversold zone. Traders should NOT consider any short term short trades.
Stochastic Overbought 10 hours ago EURUSD Stochastic (14) main line entered hourly overbought zone. Traders should NOT consider any short term long trades.
Sup/Res Penetrated 10 hours ago EURUSD had penetrated the important level at (1.2956)
Copyrights: FX Eagle Eye is a combined efforts for the JV between letsfx.com and 4XEagleEye.com

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