EURUSD: Halts Upside Offensive On Pullback

Jan 18, 2012
706
0
27
EURUSD: A sell off on Thursday has halted EUR’s upside offensive but does not harm its overall broader upside. It should eventually re-take the 1.3344 level on ending its correction. Above here will aim at the 1.3415 level where a violation will turn focus to the 1.3450 level. Conversely, support lies at the 1.3200 level followed by the 1.3165 level where a violation will target the 1.3000 level. Further down, support comes in at the 1.2963 level. All in all, EUR continues to retain its broader upside bias.

eurusd2222000000000.gif