2015-07-20_22-09-10eurnok

On this chart it would be interesting to see if the red 21 day moving average manages to hold price.

It would be acting as a dynamic level of support sustaining a possible up move.

Price as shown with the blue arrow needs to hold this level for the 21 MA to be in control.

If price does not manage to break resistance it might reverse and provide us with a lower low indicating that the possibility that the up trend might be over.

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