FX.co ★ EURUSD Bullish Outlook - For October 18, 2012 (Daily Strategy)

The EUR/USD pair stopped yesterday after the rally to 1.3138 strong weekly resistance because around that area it will continue to offer resistance, as you may see on the chart. It is likely to reverse to the level of 1.3010 fractal.
At a fundamental level, if Span finally asks for a bailout, the euro will trigger. Therefore, it is only recommended to buy this pair at the support level or if it is seen a pullback. If you have sales positions we recommend great caution as a new rally to 1.3250 is likely.

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