Monday, November 7, 2011

EURUSD Confirmed the Upper Range

Market is still traded in the range of 1.3675 and 1.3825 Range. In trading yesterday confirmed the market still remains to be 1.3825 Upper Range and Lower Range 1.3675 Resistance remains Support. EURUSD bias in the morning session today was with Bearish Bullish momentum, trading at 1.3750 to Axis session this time. Beware if the level is confirmed as the support, then the pair will potentially be traded rose up to the Upper Range, and if confirmed breached then the next resistance lies diksiaran 1.3950. Conversely, if the range is confirmed as a resistance level 1.3750, then the pair could potentially be traded up to 1.3675 Range Lower range and if the level is confirmed subsequently annexed it looks dikisaran 1.3575.EURUSD Support has traded with Range 26 points ie 16% of the Average Range 161 points and has traded down -0.07% to +0.04% High and Low -0.15% from the close of trading yesterday.

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