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Thursday, March 25, 2010

Forex Day Trading Room

EUR/USD Anybodies bath tub. We have convergence of the 34 & 89 on the 5 min. and the MACD is neutral. Below the 89 EMA on the 15 min but the 34 is slicing through the price action, and MACD is turning neutral. It look like the Price action wants to stay between the 89 EMA on both the 5 min and 15 min charts. Watch for a narrowing and keep you eye on the B.B. of the 5 min. for a breakout. May take a while. Be safe. FXDMG

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