FX.co ★ EUR/USD Bullish Outlook for September 28, 2012 (Daily Strategy)

The EUR/USD pair took strength in the middle of the New York session on Thursday. The euro managed to overcome again the 1.29 area but stopped, at least for now, below 1.2970.The break of this level will enable 1.30 and 1.3117, next upside targets. It is likely that a setback on Friday is due to profit taking, so we must be careful not to leverage our accounts too much.

If we notice on daily charts, the euro has tested the 200-day moving average, I see that the sale of this pair is not feasible until the pair trades below this level of 1.2750. Therefore, try buy this pair of support levels daily or weekly.

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

If you like my technical analysis, please vote for me, in the portal MT5.com, please login and then vote for me. Thanks.