Date: October 2012: Live Technical Analysis « Let's FX Group

2012.10.31 [Forex | Euro vs US Dollar] EURUSD is at a crossroads, where it is recommended to evaluate the development of the activity of both parties.A close above (1.2993) will call for (1.3195), and Loss of (1.2945) sees (1.2749). You may try to buy from lower border and/or sell from upper border.

Hourly Alerts MA Penetrated6 hours ago EURUSD has closed above 30 SMA. This should empower bullish short term technical outlook. MACD Bearish Turning Point8 hours ago EURUSD MACD signal line has crossed below the indicator`s histogram while both of them, MACD and histogram, been greater than Zero. This is a probable bearish short term turning point. MA Penetrated8 hours ago EURUSD has closed below 200 SMA. This reflects supply forces victory on short term technical outlook.