A classical Example of EMA Support and Resistance – EUR/USD

October 8, 2012 in Forex Analysis

A classical example of Exponential Moving Averages in their best of the acts. We are just posting a chart of 5-hourly EMA resistance today. The 5-hour EMA is the green line.

EUR/USD Hourly Chart


EURUSD Hourly Chart October 8 2012

The price action indicates that a break of this resistance may be on the cards but even if that happens we would expect a resistance near 1.2995.

Happy Trading.

1 response to A classical Example of EMA Support and Resistance – EUR/USD

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