Wednesday, 24 October 2012

More consolidation for EUR/USD

EUR/USD is still taking more time to consolidate the early session power break lower. We are not ready to call a bottom just yet; the downside risk is to 1.2941/26 zone.                        
Provided the market can probe the 1.2941/26 zone soon we will then wait  to see what type signal we get there. 1st main resistance is at 1.3010.

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