EURUSD 12 July 2012
Hello All,
Euro drop to 1.2210 low could be initial leg for further decline in coming weeks below 1.20, at current situation with shorts losing momentum we might see light bullish moves below 1.2400 resistance. For today 1.2200-1.2300 range move is expected. Entering long around 1.2220/30 is suggested for 30-40 pips profit taking with stops below 1.2200.
Thank you
Reza
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Comment by Ossbwy on July 12, 2012 at 7:17am -
nice to see you again Raza ajorloei after a long time, i appreciate your today post. i am also thinking same as you post. but i think today it will touch to 1.2170. but it will be b/w 1.2210 to 1.2240 when the some news will come today.
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Comment by Reza Ajorloei on July 12, 2012 at 7:24am -
Hi Ossbwy
I was busy for last 2 weeks couldn't post here, further decline below 1.2200 is not ruled out but market behavior shows more bullish tendency in current levels.
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