Eurusd update - 30 Oct 2012 Tues

Hello all,

I still favour eurusd to turn down but this is only possible if it breaks 1.2880. Right now, 1.2880 is a strong support level. That is why I choose to close my position last night. Anyway, eurusd is narrowing down in its range, likely forming a flag with range 1.2880 - 1.2950. We will have to wait for breakout to determine our trade directions.

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