The EURUSD continued its bullish momentum yesterday, topped at 1.2373 and closed at 1.2325..

Today I assume a bullish move testing the key resistance 1.2380/1.2440 zones.

Immediate support is seen around 1.2340 where bounce back to upside is expected ,stability above the key support 1.2290 is indeed to keep the bullish move suggested for today valid, a clear break below 1.2290 might delay the bullish move testing 1.2260 levels , maybe lower !!!

Resistance    1.2380  1.2410  1.2440

Support        1.2350  1.2290  1.2260

Recommendations : Buying the pair around 1.2340 targeting 1.2380 & 1.2440 , stop loss 1.2280 ..

Best Regards

Haitham

Views: 422

Tags: EUR/USD, EURUSD

Comment by paul chijioke okeke on August 14, 2012 at 5:11pm

Hi sir long time,hope you are healthy and  sound? 

Hi Sir long time hope you are sound and healthy?is it right to hold to your recomendation on buy @ 12340 tp 12330 sl 12280.from the current price 12330

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