Hi Traders,
The euro held steady versus the dollar at 1.3300-mark. The euro remains vulnerable to the European debt crisis and recession headlines, its immediate support is seen at $1.3230, the Daily-Kijun-sen line. Any rebound presents a good opportunity to short the currency.
We stay bearish on the EUR/USD pair, any breach to 1.3230--1.3265 will add momentum to the downside movement and further decline to 1.3085 will not be excluded. Any rebound of the prices from 1.3265 will face a strong resistance at 1.3385. We recommend that our traders avoid excessive risk taking and put Stop Loss in place to avoid uncertainty of the market.
Good luck 😉
The euro held steady versus the dollar at 1.3300-mark. The euro remains vulnerable to the European debt crisis and recession headlines, its immediate support is seen at $1.3230, the Daily-Kijun-sen line. Any rebound presents a good opportunity to short the currency.
We stay bearish on the EUR/USD pair, any breach to 1.3230--1.3265 will add momentum to the downside movement and further decline to 1.3085 will not be excluded. Any rebound of the prices from 1.3265 will face a strong resistance at 1.3385. We recommend that our traders avoid excessive risk taking and put Stop Loss in place to avoid uncertainty of the market.
Good luck 😉
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