12
Technical analysis of forex market Jan 25,2012
by admin ·
The pending agreement announced who can not curb the enthusiasm of buyers in 3080. Indeed, this agreement is vital for the country and lack of approval, the country could be declared bankrupt. Also, sellers return to the bull by the horns by substituting for 2920 to 3080. Our advice in the morning, this morning we have the German IFO will be determined this morning. This statistic is good and therefore expected the euro to be slightly bullish for a return to 3080/70. Normally, we should not go beyond this morning, even though 3120 could be the next target.
On the downside, it will play the same points yesterday to say back in 2980/70 and 1.30 for 2950. This should stop as yesterday a larger decline, unless the area is strong support for the 2920/10 target.
For those who sell the 3080/70 area are stoploss above 3090 (3095/3105). Above 3120 then you have 3135/50.
For the lower range, there are sellers on 3020/10 with stoploss between 3090 and 3005.
Related posts: