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Publish Date29/11/2012 10:44:27 AM
Last Update29/11/2012 11:23:41 AM
The pair continued to move higher following yesterday’s retrace from 1.29 zones but the psychological level of 1.30 still holds; hence, the technical situation remains unchanged for the rest of the day and we awaits for confirmations before defining the next move. Only a break above 1.30 with a daily closing will bring further strength as we explained in our weekly report.
The trading range for today is among key support at 1.2760 and key resistance at 1.3110.
The general trend over short term basis is to the downside targeting 1.1865 as far as areas of 1.3550 remain intact.
|Recommendation||Based on the charts and explanations above our opinion is, staying aside until an actionable setup presents itself to pinpoint the upcoming big move.|
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