Yesterday
after the US data the market plunged a bit and then later recovered. After
three days of consolidation since last Thursday the pair most likely is
still bullish. Yesterday only hitted a key support at 1.2990 and then
rebounded again, butyesterday was pretty unspectacular. Today we will have
ZEW index from Germany andCore CPI from US. The confidence in the better german data
might give support to Euro. So it means more choppier day we are
expecting. Our expectation is a steep bullish trend for today. There is a key
support upside level at 1.3130. If it breaks our next TP is 1.3200.
Our forex
workshop on skype each day. 10:30-16:00(GMT+1, Paris) Name: “Blindfoldedmonkey”
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