EUR/USD Signal - December 5, 2012
Forex pairs in this Article »
EUR/USD
By: DailyForex.com
Currency: EUR/USD Method: Elliott Waves Description: Over Sold trade zone where trend is at 1.618 Fibonacci level where it could exceed it a bit above 1.31 market price with a divergence in RSI started from wave 2 of (v) where I suggest the trend will retest it. A completed motive wave started on 13 Nov and expected to reverse any moment within oversold shaded zone. However, I will focus my trading this week on EUR/USD and most Euro cross currencies. Recommendation: Sell and Hold Stop Loss: 1.3200 Target:1.29800
Currency: EUR/USD Method: Elliott Waves Description: Over Sold trade zone where trend is at 1.618 Fibonacci level where it could exceed it a bit above 1.31 market price with a divergence in RSI started from wave 2 of (v) where I suggest the trend will retest it. A completed motive wave started on 13 Nov and expected to reverse any moment within oversold shaded zone. However, I will focus my trading this week on EUR/USD and most Euro cross currencies. Recommendation: Sell and Hold Stop Loss: 1.3200 Target:1.29800
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