ICN.com | Dec 11, 2012 04:47AM ET
EUR/USD
The pair rose as we expected in our previous report, where stability at 1.2895 and 1.2905 levels pushed it to the upside. The risk-to-reward ratio is unsuitable to bet on the possible extension of the upside move, we also referred to these levels in our weekly report as the expected reversal areas. We remain neutral for today waiting for confirmations over intraday basis.
The trading range for today is among the key support at 1.2840 and key resistance at 1.3015 .
The general trend over the short-term is to the downside targeting 1.1865 as far as areas of 1.3550 remains intact.
The trading range for today is among key support at 1.5910 and key resistance at 1.6200 .
The general trend over the short-term is to the downside targeting 1.6875 as far as areas of 1.4225 remains intact
The trading range for today is among key support at 81.45 and key resistance at 83.35.
The general trend over the short-term is to the upside stable at levels 75.20 targeting 87.45.
The trading range for today is among key support at 0.9200 and key resistance at 0.9455.
The general trend over the short-term is to the downside at levels 0.9775 targeting 0.8860.
The trading range for today is among key support at 0.9800 and key resistance at 0.9935.
The general trend over the short-term is to the downside at levels 1.0125 targeting 0.9400.
The trading range for today is among key support at 1.0370 and key resistance at 1.0565.
The general trend over the shor-term is to the downside below levels 1.0710 targeting 0.9400.
The trading range for today is among key support at 0.8205 and key resistance at 0.8470 .
The general trend over the short-term is to the upside above 0.7930 targeting 0.8400.
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