Techincals:
EUR$: first support now comes in 1.2890 as the 78.6% Fibonacci retracement (L 1.2824 / H 1.3138), followed by the 1.2825 (low of 11.10.2012) and 1.2803 (low of 01.10.2012). Lower we have the 1.2747 (high of 18.06.2012). Once below 1.2803 we can see a potential “double top” confirmation (not very accurate) on the 4H chart. Upside we have first resistance coming in 1.3023 and further we have 1.3080, 1.3138 and 1.3172.
[link removed]
EUR$: first support now comes in 1.2890 as the 78.6% Fibonacci retracement (L 1.2824 / H 1.3138), followed by the 1.2825 (low of 11.10.2012) and 1.2803 (low of 01.10.2012). Lower we have the 1.2747 (high of 18.06.2012). Once below 1.2803 we can see a potential “double top” confirmation (not very accurate) on the 4H chart. Upside we have first resistance coming in 1.3023 and further we have 1.3080, 1.3138 and 1.3172.
[link removed]
