29.11.201218:15 Forex Analysis & Reviews: EUR/USD Sell Bellow 1.30 - For November 29, 2012 (Daily Strategy)

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Yesterday the euro recovered positions, due to good market optimism waiting to generate an agreement between Democrats and Republicans in the United States before the year end, thereby avoiding a fiscal disaster.

The euro rose from the weekly pivot of 1.29; so far the euro is a little exhausted in the uptrend.

Given that the euro has not exceeded its maximum in the week, we have a good chance of selling price for any level below 1.30, with a very tight stop loss at 1.3030, and our profit taking at 1.2830 in the short term.

Markets are becoming less liquid and more prone to sudden and significant changes, so you should be very cautious with this pair, not leverage its account and always operate with the stop loss.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

If you like my technical analysis, please vote for me, in the portal MT5.com, please login and then vote for me. Thanks.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.