The Euro has been trapped between in a range for over 5 weeks now, and there are signs that traders are getting frustrated. It is interesting that the price action is also trapped between the daily 50 and 100 simple moving averages. In the attached chart, you can see that these SMA's have formed a perfect sandwhich with the price action being squeezed ever tighter in the middle. It's only a matter of time before this explodes! Which way? Who can tell. For now our bet is upwards, but time will tell. If you want our daily signals and reports, simply visit www.forex618.net to get a free voucher to our services. See you in the trading room!
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