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EUR USD awaits the confirmation 19/11/2012
The pair still stuck between the retest levels, for the double top pattern at 1.2800 and the falling wedge which moving lower now towards 1.2645, while surpassing one of these level is needed in order to confirm one of them superiority over the other.
Accordingly, we need to stay aside for now until getting clearer signals for the trend.
Expected trading range for this week is between: 1.2500 support and 1.3000 resistance.
Expected trend for today: Neutral
Thanks for your feedback.
Midday update for NZD USD 16/11/2012
The pair gets back to trade below 0.8100, to reinforce our bearish trend scenario for today, which initially targets levels near 0.8000
MoreMidday update for AUD USD 16/11/2012
The pair shows a mixed trading since morning while it remains stable below 1.0365, and this makes us continue in our preferred downside trend expectations for today supported by EMA50
MoreMidday update for Crude Oil 16/11/2012
The price trades in sideways range since morning keeping its’ stability below 86.00, to keep our bearish trend scenario remains valid and active, unless 86.00 was breached which will lead to a potential retest to levels near 88.60
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