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EUR/USD – Recent low at 1.2967 intact thus far

From www1.migbank.com

EUR/USD has thus far successfully tested its recent low at 1.2967 (01/03/2013 low), suggesting a possible short-term base formation. Monitor the resistance at 1.3080 (06/03/2013 high). Another resistance can be found at 1.3162 (28/02/2013 high, see also the declining trendline).EUR/USD has thus far successfully tested its recent low at 1.2967 (01/03/2013 low), suggesting a possible short-term base formation. Monitor the resistance at 1.3080 (06/03/2013 high). Another resistance can be found at 1.3162 (28/02/2013 high, see also the declining trendline). • In the bigger multi-week time frame we note that the higher low ... (full story)

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