Monday, 12 December 2011

EURUSD...beware the 1.3225 area

Here we are approaching long term support 1.3218-25 and supporting RL's ( values 77.46 & 81.7) at 1.3197 so we either will see a short term bounce or a sharp penetration down through this area. This morning has seen a refreshing simple trend with several small short setups when combined with the visual representation of the reaction line.

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