Monday, December 17, 2012

EUR/USD Technical Analysis - December 17, 2012

EUR/USD Technical Analysis - December 17, 2012

EUR/USD 17 December 2012
Pair's Outlook

EUR/USD has refused to submerge after hitting a confluence of resistances at 1.3079/1.3121, being underpinned by the 200-day SMA.

The currency pair is now attempting to challenge a more senior resistance down-trend line at 1.3180/1.32 that has been preventing long-term rallies from emerging since May 2011. Read more