The pair continues to be corrected after yesterday's northern growth, until we can expect completion of a correctional phase (think about the level of 2535), and continue with the development of the northern trend.
The pair continues to be corrected after yesterday's northern growth, until we can expect completion of a correctional phase (think about the level of 2535), and continue with the development of the northern trend.
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
EUR / USD timeframe DAILY: gap unfilled for months shows just how bleak fundamental EUR, not only on the EUR / USD cross rate but also on the EUR / USD .. buyers currently being fought while sellers still take profit of his position. Who will win this fight? price slid 38.2% of 1.3486/1.2041
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The pair continues to reach out to the north and is on its underlying trend, while the main goal is near month high of 2590, but I think this level will not be a major obstacle.
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The us consumer confidence came out worse than expected and this added fuel to the bullish sentiment driven euros for today's trading session, I think euro is more likely to touch 1.26 level this week except something drastic happens at jackson hole that could change entire perception of the euros so we could see 1.26-1.2650 levels before friday
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BUY FROM: 1.2509, T-1: 1.2528, T-2: 1.2554, T-3: 1.2574
SELL FROM: 1.2495, T-1: 1.2483, T-2: 1.2464, T-3: 1.2438
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We can sell eurusd now 1.2560 our stop will be 1.2605 and our target will be 1.2480
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Support & Resistance 28/08/2012
Sup 1 : 1,2526
Sup 2 : 1,2553
Sup 3 : 1,2572
PIVOT : 1,2508
Res 1 : 1,2481
Res 2 : 1,2463
Res 3 : 1,2435
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