Thu, 27 Jun 2013 08:02:33 GMT
EUR/USD 1H Chart: Channel Down
Following a failure of the 200-period SMA to underpin the currency pair after a protracted rally that extended up to 1.3417, EUR/USD started to fluctuate between two bearish lines. If the price is subject to either a sharp surge or a decline in the nearest future, they will be encountered at 1.3048 or 1.2971 respectively.Judging by the technical studies that