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EURUSD Analysis 2013-05-30


4XEagleEye Chart

2013.05.30 [Forex1 | Euro vs US Dollar] The EURUSD still trapped in range area of (1.2987– 1.2831). A break in either direction will determine the trading bias in today`s session. Break below (1.2831) could trigger further bearish pressure targeting (1.2779), while break above (1.2987) could trigger further bullish advances testing (1.3196).A hold for a clearer technical outlook is advisable.

Market Snaphoot 1Market Snaphoot 1 Market Snapshots


Summary
Direction
Moving Avg.

Indicators.
99%
Reversal Prob.

Oscillator
Candle

Bearish

Harmonic

1.2977 1.3057 1.3136 1.3196 1.3275
1.2903 1.2878 1.2842 1.2779 1.2719
Hourly Alerts
Stochastic Overbought 3 hours ago EURUSD Stochastic (14) main line entered hourly overbought zone. Traders should NOT consider any short term long trades.
Sup/Res Penetrated 7 hours ago EURUSD had penetrated the important level at (1.2977)
Neutral Trend Broken 7 hours ago EURUSD is on up trend as long as it stays above (1.2831), any 4 hours close below this level will change instrument`s direction. Traders should consider buying every depth with a stop loss below (1.2831)
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