EUR/USD Daily Technical Analysis 21 May 2012

Amy Forex

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Good morning all,

We notice on the weekly chart of EUR/USD the prices are trading within a downward channel then it witnessed some up corrections within a sideway triangle and it has closed above the bottom line of the triangle which reflects the continuity of up corrections towards the 1.2794-1.2808 area , then it would resume its bearish trend towards the 1.2706 level .

chart21.png


Good Luck Traders ;)
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