This morning in the U.S. session the euro managed to reach the highest level of 1.3306, at this time it is at the level of 1.3292. I see that a fall is imminent as a part of the correction of the pair. If we look on the graph, the trend indicator is showing a downward pressure. So I am selling this pair very cautiously with a very tight stop loss, about 25 pips above the daily maximum.
During these days the market will become less and less liquid so you should be very careful and operate cautiously.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
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For detail explanation and best discovery on market trends you may visit via EUR/USD Sell Bellow 1.3306 - For December 19, 2012 (Daily Strategy) . Thanks for your support on EUR/USD Sell Bellow 1.3306 - For December 19, 2012 (Daily Strategy)
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