Article originally published on innerfx.com and republished here with permission
Good morning. Euro is currently recovering some ground after it found support at the 50% fib retracement value, around 1.2840.
Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to hold long, target at 1.31
EURUSD 4hrs 9-28-2012
Resistance at 35 is again in focus as silver is climbing higher, after it found support around 33.50.
Market sentiment: intraday – bullish, short-term – bearish
Potential trade strategy: to buy on break of 35, target at 37