Tuesday, 26 February 2013

EUR/USD: Strong Trading Trends target 1.3000

  • Marginal new trend low ahead of European open
  • Italian political stalemate undermines
  • No major EZ data to impact on negative sentiment
  • All eyes on news wires for Italian political updates
  • Bearish outside day & fresh lows weighs       
  • EUR/USD sees a fresh 1.3039 low in Asia, EUR/JPY bought then sold.
  • EUR/USD bids pre-1.3000, optionality tipped, stops eyed below.
  • Close below 1.3032 base of Ichimoku cloud seen very bearish.       

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