EURUSD Analysis 2011.12.19

by Michael on December 19, 2011

[Forex-1 | Euro vs US Dollar] We believe that possible bearishness could be seen during this trading session. Immediate resistance is at (1.32467). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish.Short positions are favored for today.


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