EUR USD activates the pattern 04/12/2012
Economies.com
2012-12-04 05:44AM UTC
The pair’s trading settled above 1.3000 yesterday, to confirm the activation of the bullish technical pattern shown at the image, which reinforces our expectations of continuing the bullish trend on the intraday and short term basis.
Note that the main initial target locates at 1.3145, while EMA50 supports the bullish wave from below.
Expected trading range for today is between: 1.2960 support and 1.3200 resistance.
Expected trend for today: Bullish
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