Monday, December 6, 2010

EUR-USD Technical Analysis - 06 December 2010

Intra day trend of the EUR-USD is moving upward with the expected ideal target range up to the red line (middle of the bollinger band's line) as shown on the chart below.
In the intermediate-term perspective the pair is moving sideways gradually paving the way for the long-term down trend.
Therefore in the long-term expectation the EUR-USD should be going for long period of downtrend as the triangle is getting to completion.

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