EURUSD Running into Support
05
Nov
2012
2012
The EURUSD managed to break below daily price support at 1.2825 in European trading. The Fibs are below and could provide support. The .382 Fib from the advance to 1.3180 rest at 1.2735. This level combined with daily price support at 1.2750 could be difficult to crack. But, it should be kept in mind that the cross is now below the 200 day moving average at 1.2825. A hold below this level could signal for further loses.
Sup 1.2750/35
Res 1.2825 (200 Day MVA)
Keane Plan....Would like to a see a pullback to Res at 1.2825. Price action will be key at this level.
To Access Yen Talk, Daily Wake Up Call Videos, Current KEANE TRADES and Private Twitter Feed Click HERE
Non subscribers can have a Free 1-week trial HERE
