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Update For: 2013-12-03
Posted On: Tuesday, 03 December 2013 09:51
Very Short-Term Trend: weak uptrend
So far EUR/USD has moved in line with our expectations. Yesterday's expected decline did find support abv the key 1.3520 level and EUR then started a rally agian. Now, the immediate pressure is on the upside and as long as the prices hold abv 1.3520, the bulls are in control. I do not expect a big move up though, but still we will likely see gains twd 1.3620/50 area.
On the downside, firm and sustained break below 1.3520 negates, signals the larger-degree downtrend from the Oct top has resumed...
Strategy: Holding long from 1.3530. Stop=1.3520. Target=1.3630.
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12/01/2013... the Medium-Term prospects for December on weekly charts have been updated for all markets. They are available free to all visitors of my web site. AN
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