Eurusd update - 13 Sep 2012 Thu

Good day everyone,

We are on the right track now. However, there are likely going to be some swings tonight due to fundamental data and FOMC policy statement.

Right now, I still favour eurusd to continue its uptrend but limitation are there since there is a resistance level as mentioned at 1.2950. Which is very close to the current price, so I decided to close my position at 1.2915 and shall wait for tonight's news.

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