“Candle opening above the descendant line, now around 1.3595 will confirm the continuation figure, triggering further rises in the pair.”
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Monday, May 11, 2009
Euro consolidating inside a triangle
Consolidating inside a triangle clear in the hourly chart, 20 SMA has turned to the downside, acting as dynamic resistance for the pair, now around 1.3595. Base of the consolidation lays around 1.3555 first static support for today that if broken will discard the figure.
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