FX.co ★ EUR/USD Correction - For December 18, 2012 (Daily Strategy)

The euro had a very low movement yesterday. Friday's session was decisive for the euro, it managed to break the resistance level dynamics 1.3150, and trend indicators are showing it is overbought. Due to the end of year, the low liquidity of the market will be increasing, so we can expect a correction for this pair in the coming days, so we recommend caution.

The indicator on the graph is showing an imminent downward correction, so if you are buying, you should set your trailing stop.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com