FX:EURUSD   Euro Fx/U.S. Dollar
326 0 0
US Fiscal Cliff             helps to push the Euro             higher and make a new low on November 2012.

Currently this pair is back at the Mid term congestion zone where a ranging may happen again until break out of the support/resistance by trend line .

Possible range :
Possible trading range for next month is somewhere inside 1.280-1.3065.

Fibonacci Retracement :
Last Friday this pair is closed right key resistance of the new High-Low, the condition of the next candlestick will determine if this pair can break it or just bounce off the fib. key resistance with a first objective at 1.285 for the next possible ranging trade and extension target at 1.251 if the bearish trend is quite strong.

Important events for next week :
Next week I'm expecting an interesting week of trading because we have so many Bank Statements released

- RBA Interest rate decision, BoC             Interest rate and Rate statement ( Dec             04)
- Another EcoFin meeting ( Dec             04)
- BoE Interest rate decision, ECB Interest rate decision ( Dec             06)
- ECB Monetary policy statement and press conference ( Dec             06)
- Plus some GDP and NFP reports
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out