EUR/USD Seems To Have Stuck Up

December 21, 2012 in Chart Alert

EUR/USD’s current price action is still near the support of 5-day EMA and this support has been working good for past few days. However, the last two daily red candles show a wide gap between the highs and the closing price and that indicates possibilities of some consolidation towards 1.3140/1.3120 if there is a break below 1.3188.

EUR/USD-Dec 21 2012- Asian Session

Another daily chart with daily Ichimoku cloud, which also show that the first support of Tenkan line is not broken as yet:

eur/usd -daily ichimoku cloud

Some consolidation may come if there is a break of these supports. Please also check the overall situation mentioned in the previous EUR/USD chart alert.

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