|EUR/USD Weekly Technical Levels for June 25 - 29, 2012|
|EUR/USD Intraday Technical Analysis and Linear Regression Channels for June...|
The British pound could not break the 1.5740 level having tried several times to close above that level and it was unable to make it, now it is close to its line of medium-term uptrend, a break could generate a quick fall of the pair to the 1.5357 rate.
Therefore, we recommend buying at the current level, and if there is a break of the bullish channel we can sell or below that level the stop loss to the bullish strategy, there are two chances.
We should be very careful at this level.
The Momentum indicator is showing a bearish medium-term sequence.
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Analytical expert: Gerardo Porras Palomino
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