empty
 
 
13.12.2012 06:42 PM
EUR/USD Correction - For December 13, 2012 (Daily Strategy)

Yesterday the Fed said it would buy $45 billion of Treasury securities a month from January to support the U.S. economy in addition to existing monthly purchases of $40 billion of mortgage debt. The euro was favored, this morning during the American session, it was little overbought. It is likely to rise to 1.3111, daily resistance. At the moment the price is 1.3074, a close below the fractal 1.3059 on the 4H. If the downward pressure as part of the correction increases, the dynamic resistance level is at 1.3150, this level is very strong. Therefore, all levels below this resistance will be an opportunity to sell, with target at 1.2983, daily fractal.

This image is no longer relevant

If you need personal consultation, contact me via e-mail: [email protected]

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback