Wednesday, August 8, 2012

EUR/USD SWING SIGNAL

The single currency started its retracement journey from 1.2440 area,we expect the single currency to find support at 1.2340 area. we will confirm the support zone if the price close above 1.2380-1.2400 area for the next bullish rally towards 1.2500/50 area. But if the support breaks, then next support level is at 1.2260/50 area, Till then. But overall the medium bias remains to the upside. Good luck.

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