EUR/USD Intraday Technical Analysis and Linear Regression Channels for June...
Fundamental Analysis - June 22, 2012
News: 2012-06-22 13:52:54 UTC+00 10 months, 4 weeks, 2 days, 8 hours, 30 min. ago
EUR/USD Technical Correction for June 22, 2012 (Daily Strategy)


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Yesterday, the euro broke through its downtrend line, increasing the likelihood of that the medium term will reach the minimum of 1.20.
On the other hand, in the short term, we expect the pullback to 1.2620, at that level we recommend to sell medium-term objectives to 1.2357.
A close above 1.2650 can give a possibility to the euro to resume its uptrend.
The Momentum indicator and range are showing oversold, and a possible correction is imminent.

 

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Performed by
Analytical expert: Gerardo Porras Palomino
InstaForex Group © 2007-2013
 Published: 2012-06-22 13:52:54 UTC+00 10 months, 4 weeks, 2 days, 8 hours, 30 min. ago

 
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