EURUSD Trend Broken; Bullish above 1.2470

Posted by on Feb 26, 2013

EURUSD – Bullish Bias –Prime area of support 1.2500. EURUSD – Continued buying pressure from 1.2289 resulted in EURUSD trading to the most positive level in 8 days yesterday. However, sellers emerged at 1.2625, the high from the 28th May. Although this renewed bearish has continued overnight, the move lower is assessed as being corrective. There is scope for further mild selling this morning. In view of these facts our call is a Bullish Bias –Prime area of support 1.2500. Profit targets will
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