Chart of the Day October 5th 2008 - EURUSD

Chart of the Day for October 5th looks at the EURUSD as it stands at the close of play on Friday evening.

In recent months we have broken through several key support areas and on Friday we made a new low for the current bear swing.

For a full explanation of the technical picture watch the video below or a higher resolution version here. N.B. The video also includes an explanation and examples of an advanced stochastic breakout trade.

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