Main analysis

Update for: 2012-02-27 - 2012-03-04

Posted on: Sunday, 26 February 2012 22:07


EURUSD: 1.3446

 Short-Term Trend:  uptrend


EUR rallied stronly last week and thus confirmed our bullish Short-Term outlook. My targer remainst at 1.3720 and then I expect to see another move lower twd the 1.2670 key level. But overall I think the single currency has likely made its low for the year. If correct, a major buying opportunity will be present later this year. But of course, other possibilities (more bearish ones) also exist, so I will assess the market one step at a time. For this week the outlook is positive as long as the prices stay abv 1.3200...

Strategy: Stand aside.

Next Update: Sun, 03/04/2012.

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