Daily FX Analysis

December 10, 2012
EUR/USD
December 10, 2012
EUR/USD The 3 way confluence around 1.2880 resistance area provided a good reversal for the initial Election related move and price even broke the low at 1.2760 with a little help from the worse than expected Retail Sales numbers for the Euro zone.
December 10, 2012
EUR/USD
December 10, 2012
EUR/USD
December 10, 2012
EUR/USD Our predicted break came true and now the pair is trading higher, although price did not touch the up trend line, but it came very close. During the Asian session and during the morning, price stalled and was confined within a small trading range.
December 10, 2012
EUR/USD
December 10, 2012
EUR/USD

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