EURUSD 13 Jun 2012
Hello
Euro is trying to overcome 1.2520/30 resistance but this resistance seem to be solid and we expect another failure to happen, Selling the pair above 1.2500 is recommended for 1.2460/40 retest and in case of break holding for below 1.2400 targets, stops could be adjusted above 1.2580.
Take care euro may continue 1.2440-1.2540 range move for today too.
Regards,
Reza Ajorloei
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Comment by Reza Ajorloei on June 13, 2012 at 9:34am -
Euro now is around 1.2540, this level is good for entering sell with 40 pip stops.
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Comment by Reza Ajorloei on June 13, 2012 at 12:29pm
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Exit from sell trades near 1.2490/2500
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Comment by Ossbwy on June 13, 2012 at 5:05pm -
hi Reza Ajorloei, today trend is completely from prediction isn't it. So what do you think trend will go above 1.2611 or it will go down to 1.2550 mean below 1.2600
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Comment by Ossbwy on June 13, 2012 at 5:18pm
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sorry i wrote wrong sentence above the right sentence is " today trend is completely different from prediction isn't," hope that now you got my point.
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Comment by Reza Ajorloei on June 14, 2012 at 3:20am
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Hi Ossbwy,
As I see drop to 1.2550 takes effect so now we should see another bullish attempt above 1.2600. In my view 1.2620/30 is resistance again for price rejection below 1.2550, so selling pair again above 1.2600 is recommended.
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