Monday, September 10, 2012

EUR/USD 10th-14th sep 2012 weekly Analysis

EUR/USD:The single currency rallied to the upside as we Said on the past weekly review hit 1.2815 area.we are expecting the pair to top around 1.2830-60 area and initiate a retraacement towards 1.2645-00 area before the next bullish rally towards 1.3000 area.Any daily close below 1.2570 will be a threat to the bullish expectation.We Reccommend selling the pair arn 1.2830-60 area for the bariash retracement.Any daily close above 1.2880 will abort this bearish scenario. Then if the bearish pullback occured, we are to search for BUY setup around 1.2645-00 area n stop place beneath 1.2570 will be ok.

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