The EUR/USD confirmed a session of consolidation yesterday remaining however close to the lower end of the previous day’s range. This morning we’re seeing a test of the 1,3300/ 1,3280 support area. An hourly closing below 1,3280 will extend the decline toward October’s low at 1,3146!!
The indicators of the daily chart are well negative as well as those of the s/t ones supporting further weakness.
We expect further weakness but we suggest avoiding shorts below 1,33.
We try a long position in case of a 1,3280 undershooting.
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http://www.easyforexnews.net/wp-content/uploads/2011/11/EUR-USD-11.25.pdf
FUTURE TREND RESEARCH