Friday 16 December 2011

EURUSD

Price is weak and stuck and only a convincing break above 1.3047 will change this and change my opinion that in the near term we are going lower + today is Friday so you never know what tricks and trends will develop. On the plus side for the euro we have support at 1.2974 in my 4 hr Ensign chart. The thick dark blue centre line comes from the important fork ( Pivot value 93.6)
P0 June 1991 1.0614
P1 March 1995 1.4535
P2 Oct 2000 .8225

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