2.12.2012 – EURUSD weekend analysis
From the long term perspective it looks like we are "only" in a consolidation pattern still looking towards 1.34 – 1.36 range in the upcoming months. If I zoom in closely the pressure on 1.30 – 1.3020's is obvious. On the other hand market was not able to surpass a previous high set at 1.3026 during the Friday session. This state would signal temporary retest of 2970's and 2950's. I believe that this zone decides if the pressure towards 1.30 is still present. If the price stabilize in a range of 1.2990 – 1.3020 the chances of breaking higher increases opening doors for +50pips move.
Let's see …
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