-
EUR/USD – Lower high sought close to current region: MIG Bank
EUR/USD continues to look strong in the short-term timeframe. However, the rise since 1.2446 is deemed to be the final leg higher in a corrective phase. • A break under 1.2437 is initially required to weaken the outlook, but ultimately a push under 1.2288 is required to reignite 1.1650 as our next target. • We seek higher levels to sell or await a break under 1.2437/1.2288. • It is also noted that we are approaching the 81.50 level in the USD Index from where strong support would be expected.
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 15, 2012 6:35am Jun 15, 2012 6:35am
- Guest
- | IP XX.XXX.18.48
- Comment #2
- Quote
- Jun 15, 2012 7:15am Jun 15, 2012 7:15am
- mahmud2427
- | Membership Revoked | Joined May 2012 | 6 Comments
- Comment #3
- Quote
- Jun 15, 2012 7:43am Jun 15, 2012 7:43am
- owiesteve
- | Joined May 2010 | Status: Member | 3 Comments
- Comment #4
- Quote
- Jun 15, 2012 10:32am Jun 15, 2012 10:32am
- Jayakatwang
- | Commercial Member | Joined May 2012 | 92 Comments