Hi Traders,
The euro held steady versus the dollar at 1.3300-mark. The euro remains vulnerable to the European debt crisis and recession headlines, its immediate support is seen at $1.3230, the Daily-Kijun-sen line. Any rebound presents a good opportunity to short the currency.
We stay bearish on the EUR/USD pair, any breach to 1.3230--1.3265 will add momentum to the downside movement and further decline to 1.3085 will not be excluded. Any rebound of the prices from 1.3265 will face a strong resistance at 1.3385. We recommend that our traders avoid excessive risk taking and put Stop Loss in place to avoid uncertainty of the market.
Good luck
The euro held steady versus the dollar at 1.3300-mark. The euro remains vulnerable to the European debt crisis and recession headlines, its immediate support is seen at $1.3230, the Daily-Kijun-sen line. Any rebound presents a good opportunity to short the currency.
We stay bearish on the EUR/USD pair, any breach to 1.3230--1.3265 will add momentum to the downside movement and further decline to 1.3085 will not be excluded. Any rebound of the prices from 1.3265 will face a strong resistance at 1.3385. We recommend that our traders avoid excessive risk taking and put Stop Loss in place to avoid uncertainty of the market.
Good luck
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