eurusd forecast for 17th august 2012

 

eurusd resistance 1.2450

Support 1.2320

eurusd trading at 1.2370 a major resistance waiting on rise so till this resistance not in its range its a no trade zone for now, a sell can be initiated on rise with stoploss above high. 

if support breaks and remain below this level then we may see euro sinking till 1.2270-1.2240 

Bias : weak

more will update to our subscribers

 

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