EUR/USD: drifting lower, 1.3040 is next
December 20th, 2010
Euro weakness remains the more clear weakness of the world, as the pair is struggling to break below the 1.3100 level right now. Strongly bearish according to technical indicators, pair will find next strong support around 1.3040 price zone, probably bottom for today, as long as below 1.3130, strong resistance now.
Only gains above 1.3145, should signal an attempt to rise towards the daily high around 1.3180, ahead of strong 1.3210/30 price zone.
Similar Posts:
- EUR/USD after the Non-Farm Payroll
- Daily Forex Analysis – June 3, 2011
- EUR/USD: Accelerating lower
- Daily Forex Analysis – March 21, 2012
- Daily Forex Analysis – July 15, 2011
