Daily -Friday showed some Support at the 1.3040 -1.3063 range (last week mentioned to watch this area. A look back and we can see for past few years this is an area where the EUR finds s/r out for a few days.
There are two very large volume candles (2/25) candle from 1.3016-1.3314 -- this area could still act as an acceleration zone for EUR.
Sunday, April 14, 2013
EURUSD
Daily -Friday showed some Support at the 1.3040 -1.3063 range (last week mentioned to watch this area. A look back and we can see for past few years this is an area where the EUR finds s/r out for a few days.
There are two very large volume candles (2/25) candle from 1.3016-1.3314 -- this area could still act as an acceleration zone for EUR.
