Nov-18: Forex Analysis Eur/usd - Forex Forum

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flyersummer
post Nov 18 2008, 16:43
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Not much change from yesterday, the pair remains under selling pressure and so, bearish in bigger charts, yet moving sideways in 4 hours charts, with a strong support/congestion zone between 1.2580/1.2600 that’s holding the downside.

Under that, we have supports at 1.2540 and finally the tough 1.2500/10.

To the upside, as long as the pair holds here, we could see some bullish movements, with resistances at 1.2665/85, the zone @ 1.2740 and finally the descendant daily trend line at 1.2780.

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