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Friday, April 13, 2012

:::::::: EUR/USD technical report classic 04.12

daily_classical_eurusd_body_eur.png, EUR/USD Classical Technical Report 04.12
EUR/USD: The latest round of setbacks have stalled ahead of some key multi-week support by 1.3000 and from here, we still can not rule out risks for a shorter-term bounce back towards the 1. 3200 - 1 3300 area, before considering bearish resumption. Ultimately, any rallies towards 1.3300 should be very well capped, while a break and closed back under 1.3000, would accelerate declines.

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