EUR/USD 09 Sep 2012

2012年9月9日

EUR/USD price action is currently retesting 200 Day SMA resistance at 1.2811 level. A break through this significant level could potentially target the following resistance at 1.300 level which is a psychological round number and also long term falling resistance line. Any controlled corrective pullbacks from the current level could be seen as an opportunity for Bullish traders to look for a Long set up at the rising support trend line level of 1.260. Additional Support on the downside is located at 1.251 level which is the 20 Day SMA and 1.2467 which is the previous low. Indicators are at over bought levels.