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Publish Date28/12/2012 06:42:43 AM
The pair maintains the slight recovery, gradually moving higher after testing the main ascending support shown on image, while stochastic crosses over positively, meanwhile, price remains below the 50-days SMA, which is the main upside obstacle. We prefer to remain neutral this morning as well, as no major developments were seen amid the weak of trading volumes.
The trading range for today might be among key support at 0.8100 and key resistance at 0.8300.
The general trend over short term basis is to the upside with steady daily closing above 0.8130 targeting 0.8845.
|Recommendation||Based on the charts and explanations above we recommend staying aside awaiting further confirmations.|
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