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Publish Date29/11/2012 10:51:23 AM
Last Update29/11/2012 12:26:26 PM
The pair has been trading within a very narrow range following yesterday’s bounce from areas near pour suggested technical target at 81.50-check the weekly report-. Anyway, we keep our bearish predictions intact for the rest of the day while coming below 82.00 will activate the bearish signs appearing on RSI and MACD.
The trading range for today is among key support at 81.25 and key resistance now at 83.20.
The general trend over short term basis is to the upside targeting 87.45 as far as areas of 75.20 remain intact.
|Recommendation||Based on the charts and explanations above our opinion is, selling the pair around 82.50 targeting 81.50 and stop loss above 83.20 might be appropriate this week.|
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