EURJPY breaches the triangles support 7/12/2012
Economies.com
2012-12-07 06:19AM UTC
The price failed to settle above the sideways support for the previously mentioned triangle to create bearish wave as we can see from the chart, to settle between the moving average as a support at 105.90 and the sideways’ resistance around 107.80
We must remind you the price remains stable inside the upside channel as long as 105.00 remains intact.
We continue with neutral attitude to be aware of more fluctuations.
Expected trading range is between 105.90 and 107.70
General trend: Neutral
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