-
EUR/USD – Approaching a strong resistance area
• EUR/USD is close to the strong resistance area defined by 1.3127 (05/12/2012 high) and 1.3172 (17/09/2012 high). Hourly supports are at 1.3041 (13/12/2012 low) and 1.2982 (intraday low). • The underlying trend is negative (see the succession of lower highs since May 2011 peak). Therefore we expect limited upside potential given the strong resistance at 1.3172 (17/09/2012 high) and the general overbought conditions. • GBP/USD has thus far failed to break the resistance at 1.6178. An hourly support can be found at 1.6064 (intraday low). • GBP/USD is moving in a long-term horizontal range defined by the strong ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Dec 14, 2012 11:10am Dec 14, 2012 11:10am
- Guest
- | IP XX.XXX.117.105
- Comment #2
- Quote
- Dec 14, 2012 11:19am Dec 14, 2012 11:19am
- th3l4w
- | Joined Jun 2011 | Status: Member | 36 Comments
- Comment #3
- Quote
- Dec 14, 2012 11:23am Dec 14, 2012 11:23am
- Guest
- | IP XXX.XXX.49.150
- Comment #4
- Quote
- Dec 14, 2012 3:20pm Dec 14, 2012 3:20pm
- EURUSD trad
- | Joined Dec 2012 | Status: Member | 7 Comments
- Comment #5
- Quote
- Dec 14, 2012 9:53pm Dec 14, 2012 9:53pm
- Guest
- | IP XXX.XX.103.94
- Comment #6
- Quote
- Dec 15, 2012 4:27am Dec 15, 2012 4:27am
- EURUSD trad
- | Joined Dec 2012 | Status: Member | 7 Comments
- Comment #7
- Quote
- Dec 15, 2012 12:11pm Dec 15, 2012 12:11pm
- Guest
- | IP XXX.XXX.13.82
- Comment #8
- Quote
- Dec 15, 2012 12:15pm Dec 15, 2012 12:15pm
- monwarulhoqu
- | Joined Dec 2012 | Status: Junior Member | 3 Comments