EUR/USD Forecast September 25, 2012, Technical Analysis

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The EUR/USD pair fell during the session on Monday as the pair continues to grind away below the 1.30 level. However, we do get a little bit of supportive action 1.29, and it looks like any move lower will be met with support. Because of this, we feel that the easier trade is actually to the upside, although we are long-term bearish of the Euro.

The best advice that we can give in a situation like this is to simply ignore the pair. There are far too many trades out there that are much more clear-cut than this one in order to get too concerned about it. Nonetheless, if we do manage to get back above the 1.30 handle, we recognize that the pair will more than likely attempt a move to the 1.33 level. If we break the lows of the Monday session, we think 1.2750 will be its next stop.

 

EUR/USD Forecast September 25, 2012, Technical Analysis

EUR/USD Forecast September 25, 2012, Technical Analysis

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About:FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

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Ejaz

yes I agree that pair is fail to hold the physiological levels 1.30 in fact price is hold in shape with in triangle and I discussed it over my blog here you can see my complete analysis. But your website also fruit ful for the forex people
http://www.forexshell.com/eur-usd-triangle-going-to-break-today