Short Term Trading forex trading links forex trading books market statistics trader values euro and us dollar Shocks Crashing Short-term trading, Dec. 2012, ++EURUSD

Wednesday, 21 November 2012

Short-term trading, Dec. 2012, ++EURUSD

EURUSD DAILY CHART
 
The market is bouncing on the lower Bollinger band and the 100 MA. There is a divergence between the daily price and the RSI indicator. December is one of the best months for the European currency. The market is supported, until price stays above 1.2570. The first target could be 1.29, and then it might be 1.31.
 
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