Charts to End the Week

Article originally published on innerfx.com and republished here with permission

Good morning. Dollar weakened across the board against most counter-parts, except JPY, as the Fed announced a new round of quantitative easing. Here’s what’s worth a look today

EURUSD

Buying on break of 1.3015/30 was a good idea, as EUR keeps climbing and is now flirting with resistance around 1.3100. Upside remains favored for now

Market sentiment: intraday – bullish, short-term – bullish
Potential trade strategy: to buy dips on pullback to 1.3050, target at 1.3150

EURUSD hourly 12-14-2012

EURUSD hourly 12-14-2012

Resistance around 1.3100 is more visible on the daily chart:

EURUSD daily 12-14-2012

EURUSD daily 12-14-2012

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About abwehra group

The Art&Science of Trading Gold
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