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Wednesday December 8, 2010 - 13:19:12 GMT
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Forexpros Daily Analysis - 08/12/2010
ForexPros Daily Analysis
December 08, 2010
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The EURUSD pair has hit a major
support at 1.31948 and has moved back up.
However, from my previous
analysis of this pair, it has broken down the major support on the daily
On the 4 hour chart, you can see that the price is unable to
create higher high which is a sign of weaknesses in the buyer.
whole, I will continue to look for short opportunity for this pair as long as it
breaks below the 1.31948 support level.
---Forex Trading analysis written
by Kelvin Lee for Forexpros.
Futures and Options on Futures and Cash Forex
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all investors. You
should carefully consider whether trading is suitable for
you in light of
your circumstances, knowledge, and financial resources. You
may lose all or
more of your initial investment. Opinions, market data, and
are subject to change at any time.
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