|USD/CAD Intraday Technical Analysis and Linear Regression Channels for June...|
|GBP/USD Bullish Outlook for June 29, 2012 (Daily Strategy)|
Economists are trying to find out what will be the results of the EU summit. Taking into account the experience of the past summits, it is possible to suggest that the markets will be disappointed with the results once again. However, I find it interesting that the market has not bought the euro with enthusiasm, before running the ad for this day.
On a technical level, the euro has broken the trend line downward pressure and at this point you have two options to continue their upward sequence to the 1.27 or perform the pullback to 1.2540. Most likely to it will continue rising because we noticed a formation of a flag which means that the euro should continue rising to 1.2720 minimum.
The indicators are showing bullish signal.
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