Tuesday, February 7, 2012

Euro continues its strong sideways trend

Hello followers!!

Today I am going to post an Analysis. Eur/Usd. I hope it help you to trade!!


Euro continues its strong sideways trend


EUR/USD: Near-term price action shows the pair under pressure, after several unsuccessful attempts at 1.32 barriers. Negative news from Greece, put additional pressure on Euro. Upside barriers at 1.3160, 20 day EMA / bear-trend line, are expected to cap for now. Waiting can be continued. It is likely to find resistance at 1.3237 and support at 1.3020.

Thanks and Good Luck!!

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