The EURUSD corrected higher yesterday, topped at 1.2526 and closed at 1.2522..
Today I assume a bullish move testing the key resistance 1.2560, a clear break above this level would lead for more gains testing the key resistance 1.2600...
Immediate support is seen around 1.2520 where bounce back to upside is expected, stability above the key support 1.2495 is indeed to keep the light bullish trend strong and intact, losing 1.2495 would resume the long term bearish trend testing the key support 1.2350....
Recommendations: Buying the pair around 1.2520 targeting 1.2560 & 1.2600, stop loss at 1.2460
Tuesday 05 June 2012 05:13 AM