This was before the breakout yesterday at 1.52 level and it went all the way up to 1.56, and closed at 1.55, with an increased volume later on, which could be seen from the next chart, as i didnt save the closing of as yesterday 31/5/12. 1.48 was the trendline support level.
As for today, 1/6/12 :
It opened at 1.55, which is also the highest, and went down to 1.49, not breaking the critical support level at 1.48 and closed at 1.51. Still supported by MA 7 and 12 days. With MACD signal at the weaker zone. Not really a nice chart for now, while the candlesticks are still hovering below the Mid Bb band. Possibly, it was a false breakout yesterday. Let's see how it goes for the next few days, whether it could move up and stay above 1.56 and be pushed to the next level at 1.62, provided with high volume. Either, it will be flat or probably a break out on a downtrend moving below the trendlines, if 1.48 level cant be sustained.
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