Thursday, October 18, 2012

EUR/USD Technical Analysis - October 18, 2012

EUR/USD Technical Analysis - October 18, 2012

EUR/USD pair consolidated during yesterday's trading session, which also showed that the previous high's resistance zone at 1.3100/30 is strong enough to hold a new upside impetus. 

Although the price stays in a shadow of the previous high, but larger time frames still remain powerful to push the price higher, without turning indicators in an oversold zone. Read more