EUR USD awaits the confirmation 19/11/2012

Economies.com
2012-11-19 05:39AM UTC

The pair still stuck between the retest levels, for the double top pattern at 1.2800 and the falling wedge which moving lower now towards 1.2645, while surpassing one of these level is needed in order to confirm one of them superiority over the other.

 

Accordingly, we need to stay aside for now until getting clearer signals for the trend.

 

Expected trading range for this week is between: 1.2500 support and 1.3000 resistance.

 

Expected trend for today: Neutral

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