Monday, May 11, 2009

UNITED WOLRD CAPITAL Daily Technical Analysis

The EURUSD was corrected lower yesterday. On hourly chart below we have a 'flag' formation which technically is considered as continuation pattern. A breakout to the upside of the 'flag' could trigger further bullish scenario towards 1.3736 area. However the bias is neutral in nearest term. Immediate support is seen.... UWCFX

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[Source: Daily Technical Analysis]
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Posted by United World Capital Forex at 9:24 PM

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