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Watching EURUSD at the 1.4945 level. 100 and 200 bar MA converge at the level.

Written November 24, 2009 at 10:24 AM EST by Greg Michalowski 

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The 100 and 200 bar MA on the 5 minute chart comes in at the 1.4945 level. The price action took the price below the level off the volatility after the 10 AM economic releases.  .  The market is at a decision point. Does it move lower or go higher.  Look for a move away from the averages.

Categories: Forex Trading  |  
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