The moving average protects the EUR USD 29/11/2012
Economies.com
2012-11-29 05:44AM UTC
The EMA50 was able to stop the pair’s decline yesterday, to move higher again and settles above 1.2900, which makes us continue in our bullish trend expectations on the intraday and short term basis, which target initially the psychological barrier 1.3000 followed by 1.3145
Holding above 1.2880 – 1.2865 remains the most important factor to keep the chances of achieving these expectations.
Expected trading range for today is between: 1.2865 support and 1.3145 resistance.
Expected trend for this week: Bullish
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