EUR/USD Breaking Two Support Levels

December 22, 2012 in Chart Alert

This chart alert is subsequent to this previous EUR/USD alert. The currency pair managed to break the recent continuous support of 5-day EMA as well as the Tenkan-line level of daily Ichimoku cloud. Though the weekly closing was approximately at the 5-day EMA but these breaks indicate the possibilities for some more consolidation, especially after the failure to sustain over 1.3300 as mentioned in the previous alert. The next support levels of 22-day EMA and Kijun line support of daily Ichimoku cloud are almost at the same level i.e. near 1.3095.

EUR/USD daily chart with EMAs:

EUR/USD daily chart- break of 5 day EMA support

















EUR/USD daily chart with Ichimoku cloud:

EUR/USD daily chart- break of Tenkan line support

1 response to EUR/USD Breaking Two Support Levels

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