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FX Thoughts for the Day

Discussion in 'Technical Analysis' started by ActionForex.com, Jul 22, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Cable broke below the 21-DMA (1.6366) during the day as expected and witnessed a dip towards 1.6310. However the pair has risen from the day's low (1.6310) taking Support from the 100-MA on the 4-hr chart (currently at 1.6317). Also the pair has broken above the Resistance region 1.6400-6420 and...

    complete article here...

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