Bulls and Bears Struggle with the EURO
Submitted by FXalhabib on Sat, 12/18/2010 - 15:38.
The EUR USD started the week on a positive note, but after reaching the 1.3495 high it was unable to advance any further. The 1.3163 minor support line has been broken on Friday and the currency pair reached the 1.3132 low. The EUR USD was able to contain its bullish sentiment by closing at 1.3185, above the minor support line. The currency pair has definitely showed signs of downside volatility, if the EUR USD breaks and maintains its downtrend below the 1.3163 support line it will target the 1.2968 major support line next.
Read the full article: http://www.fxalhabib.com/2010/12/18/bulls-and-bears-struggle...
