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5_and_6_ema_scalping_system [2014/03/05 06:44]
bit-fxtrader
5_and_6_ema_scalping_system [2018/07/29 01:22] (current)
Line 60: Line 60:
 But the fall downward was stopped by, you guessed it, the previous resistance now turned support at 1.3570. In fact, not only did this level stop the selling attack, it also propelled Europe’s common currency higher. Less than two hours after hitting 1.3570, the Euro was trading at 1.3617, above both the London Open (1.36168) and the NY close (1.3614). But the fall downward was stopped by, you guessed it, the previous resistance now turned support at 1.3570. In fact, not only did this level stop the selling attack, it also propelled Europe’s common currency higher. Less than two hours after hitting 1.3570, the Euro was trading at 1.3617, above both the London Open (1.36168) and the NY close (1.3614).
  
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