Monday, October 22, 2012

EUR/USD Technical Analysis - October 22, 2012

EUR/USD Technical Analysis - October 22, 2012

EUR/USD pair retreated from the last week's high on Friday trading session and indicated about a strong resistance level around 1.3115/35, but this morning the price has found the resistance at 1.3024 and appreciates from it on early trading session. 

As most of indicators tempt about a possibility to open a long position and RSI has not reached a value of 70, it is very likely that we will see a new high in the near future. Read more