-
EUR/USD: back to where we started
Mid American morning, the market saw a strong turn around in sentiment, triggered by some positive comments about US fiscal cliff discussions: an agreement could be reached there faster and easier than initially expected. Is also true that 1.2880 stands as a huge static support in the EUR/USD, that actually converges now with the 38.2% retracement of the latest bullish leg. Short term bullish according to the hourly chart, the pair returned to opening levels, again capped below 1.2950, yet far from the short term bearish tone seen yesterday by this time of the day; accelerations above 1.2950 will expose the 1.3010 ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Nov 29, 2012 2:12am Nov 29, 2012 2:12am
- faraz2012
- | Joined Nov 2012 | Status: Member | 4 Comments
- Comment #2
- Quote
- Nov 29, 2012 6:12am Nov 29, 2012 6:12am
- greendiesel
- | Joined Apr 2010 | Status: Member | 292 Comments
- Comment #3
- Quote
- Nov 29, 2012 6:20am Nov 29, 2012 6:20am
- moaf
- | Joined Jan 2012 | Status: Mother Of All Forex | 910 Comments