Wednesday, 6 March 2013

EXCLUSIVE IAFT ANALYTICS / The EUR/USD Continues to Consolidate Above Figure 30

Another day passed, and there are still no changes in the EUR/USD observed. The pair continued to consolidate in the formed range between the 1.2983 and 1.3075 levels. Therefore, there is nothing to add here, by and large — nothing to add at all. The euro is neither overbought, nor oversold. Thus, the break may occur in any direction. The growth to 1.3125 — 1.3171 should theoretically attract sellers, but there might be a change in the trend when the latter has been overcome. In case of passing the current lows at 1.2966, the next bears' target will be the level of 1.2880 will.

  eurusd06.03

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