Tuesday, December 27, 2011

Forex: EUR/USD rises to yesterday’s high, 1.3081

Forex: EUR/USD rises to yesterday’s high, 1.3081

After finding support at one.3065 area, the skinny trading combine has risen to yesterday’s high, at 1.3081, throughout the ecu session.

“EU polictians and players are keeping well far from the media and be keen to let sleeping dogs lie”, says FX Market Report analyst Gavin Grier-Rees, explaining that “a very little piece of business or a news story has the potential to maneuver the market disproportionately”.

Grier-Rees points support at one.3025 with one.2980‐85 below that. On the upside, resistance is at one.3085 and then a prime at one.3155.

Forex

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