FX.co ★ EUR/USD Bullish Outlook for October 02/ 2012 (Daily Strategy)

The euro is above the 200-day moving average, forming a very strong support, having tried to close below this level for three times, which increases the probability that in the short-term the euro should be trading above 1.30.
In the medium-term we remain bullish for over 1.2750, therefore, we recommend always buying reversals to the supports. Below 1.27 the rate will change for a more bullish outlook and trigger a fall to 1.23.
We, therefore, recommend buying at current levels with objectives to the last daily resistance of 1.3150.

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.