Quantcast

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

October 8, 2012 12:25 pm GMT+0  in Forex Analysis

0
  

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.

Author Info

Avatar of ForexAbode.com

ForexAbode.com's analysts provide Forex market analysis based on technical, fundamental as well as psychological aspects. Apart from the daily and weekly Forex outlook posted on the respective pages, the outlook and news are also updated on the blog section. ForexAbode analysis is also featured on some of the leading financial news and analysis sites. Please use the comment form below or contact us page for any comments, suggestions or complaints. You may also write to us at contact(@)forexabode.com by removing the brackets in the email address.

Contributor Contact, Accountability and Policies

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

  1. Hey I am so happy I found your blog page, I really found you by mistake, while I was searching on Yahoo for something else, Anyways I am here now and would just like to say thank you for a incredible post and a all round enjoyable blog (I also love the theme/design), I don’t have time to look over it all at the moment but I have bookmarked it and also added in your RSS feeds, so when I have time I will be back to read more, Please do keep up the superb work.

Leave a reply

Your email address will not be published. Required fields are marked *