EURUSD – Intraday Strategy (27 May 2013)

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Recommendations: SHORT positions below 1.2993 with 1.2900/820 as next targets.

Alternative scenario: The upside breakout of 1.2993 will call for a rebound to 1.3050/115

Description: The pair trades below its resistance at 1.2993 level, as long as this level holds. Look for further losses towards 1.2900/820 levels. An hourly close above 1.2993 will reverse risks to the upside and call for a rebound towards 1.3050/115.

 

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