This analysis for long term traders, but I'm wondering about the time frame. Is it for weekly or monthly time frame?.....
Weekly Forex Forecast for Monday 12-10-2012
The Euro came within 15 pips of the October high at 131.39 this past week before Boss Draghi’s “no comment” comments on Thursday. Then the currency dropped over 200 pips in the first serious correction to the current 4-week up-move following ECB President Draghi’s press conference refusal to answer questions regarding the Italian and Spanish debt situations. From a technical perspective our studies are still green-lighting long swing and long day trade set–ups in the Euro, with support down to 1.2800. For longer-term position trades the Sept/Oct highs are seen as a sell set-up. What will likely continue to ... (full story)