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.


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