Good morning traders,

EURUSD continues sliding down, this morning the pair tested 1.29 level. 

Taking a look at the chart above, you can see we got very close to an important point where support trendline (1.2884) meets daily (1.2880) and monthly (1.2875) pivot point. From here we can start an upmove or heavily break lower to 1.2830...

I'll try to keep this thread updated. Your comments are very welcome as always.

Have a safe trading,

Rao.

Views: 585

Comment by Rao Khassan on May 15, 2013 at 8:25am

Hello Peter!

Yes, EURUSD hasn't touched the mentioned zone yet, I guess it's likely to happen after EU GBP number in 35 minutes. Fundamentally we expect weaker than expected data.

Comment by adnan baloch on May 15, 2013 at 10:39am

This is the second consecutive week, scalping has become more and more trickier. Very strange attitude of market.

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