I am currently sharing a story about the forex, the currency of EUR / USD, before the open position, it's worth a look news, and analysis of the forex master, let economics a big hole in our wallets baseball, even if the loss of as much as possible still in its fairness, there is one analysis that I took from www.mifx.com.
Monexnews - EUR / USD back under bearish pressure. Pullback of the movement occurs at 1.2556 support near the 1.2629 resistance area. We pay attention to areas of resistance in the range 1.2629 - 1.2674 Fibonacci as a reference area. Our preference is bearish today if no signal / bearish pattern that appears in that range with the goal of returning to the range 1.2600 - 1.2556. This bearish scenario will be void if the resistance at 1.2674 breaks because it will transform into a bullish intraday bias and EUR / USD is likely to move toward the range 1.2701 - 1.2746 if it happens.
We also oversee support at 1.2556. One of the alternative bearish scenario is the weakening euro more if support is translucent, with a target in the range 1.2511 - 1.2461. blogger friends are play forex, maybe the news could be one of the reference or references before the open market position
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