12.12.201218:45 Forex Analysis & Reviews: EUR/USD Fractal 1.2983 Key Level - For December 12, 2012 (Daily Strategy)

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The euro had a bullish day yesterday. Now it is trading at 1.3038, higher than fractal 1.2983. It is likely to be a correction of the pair, before the announcement of the Fed, so we must monitor the level of 1.2983. If the pair finds support at this level you can buy, with objectives to 1.3090, our stop loss should be very tight, as we have outlined on the chart.

The 1.3150 will remain strong for continued imposition of the pair below this price. On the other hand, operate at low risk and be very cautious, opportunities always exist on Forex.

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