Euro Dollar Continues Seesaw Patterns
January 11, 2012
The directionless markets continue. Euro, as expected, got some support from 1.26 to 1.27 level. If this level of support holds, then it may rebound to the 1.30 area. However, the market setiment is still negative towards euro. If 1.26-ish support breaks, then the next stop should be around 1.22 to 1.23. Well, this is all based on the charts. In reality, there’s been not much action in the markets. Traders are waiting for the “sign.” But what “sign?” I am waiting too and still staying on the sideline.
via FOREX-Euro sags, trade cautious as risk events loom | Reuters.
