Sunday, March 10, 2013

EUR.USD 11th-15th march 2013 weekly Analysis

The single currency open at 1.3013 during the last week trading session and top around 1.3135 and then rallied down and bottom around 1.2950 area.
The bias remains to the downside but we are to see another bullish correction around 1.2945 to retest 1.3095- 1.3110 area before the continuation of the major bearish scenario. Our target on the downside is at 1.2600 area and below.Untill then. Trade safe and remember to apply a sound portfolio management.

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