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EUR/USD: Marabuzo Line Platforms Gains

Published 21/10/2014, 07:13
EUR/USD
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EURUSD was sold at lower levels for a thirs day in a row yesterday. However this decline remains limited with the setback unable to sustain levels below the Marabuzo line created by last Wednesday’s strong gains.

This downside stalling is also taking place around the key 13 day moving average and with yesterday's bounce from there coupled with Asian buying interest, immediate sentiment is positive with potential to 1.2846 and 1.2888.


EURUSD Daily Chart: Marabuzo Line Platforms

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