News from across the continent
Publish Date29/08/2012 12:03:54 PM
From areas near 124.05 support the pair rebounded to the upside and now attempting to breach 124.50. This breach is required to negate the negative effect on Stochastic. In general, trading above 123.75 makes us hold onto our morning expectations supported by the bullish harmonic Butterfly Pattern.
The trading range for today is among the major support at 122.60 and the major resistance at 125.50.
The short-term trend is to the downside as far as 150.00 remains intact targeting 112.00.
|Recommendation||Our morning expectations remain valid|
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