EUR USD reaches psychological level 26/11/2012
Economies.com
2012-11-26 05:39AM UTC
The pair was able to reach the main waited target at the psychological barrier 1.3000, to bounce lower now affected by this level strength and Stochastic negativity.
Now, we expect that the bullish bias might control the upcoming trading, and the next targets at 1.3145 followed by 1.3280, taking into consideration that breaching 1.2910 then 1.2865 will significantly decrease the chances of achieving the waited targets.
Expected trading range for this week is between: 1.2800 support and 1.3280 resistance.
Expected trend for this week: Bullish
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