FX.co ★ EUR/USD Buy Above Technical Pattern - For October 04/ 2012 (Daily Strategy)

The euro has broken the resistance level of 1.2970, which increases the likelihood that in the next few days it will be trading above 1.30 and 1.31.
Therefore, we recommend buying the support of 1.2950 due to take momentum to go higher. We will place our target at 1.3117 and the stop loss at 1.2750. We commented on this level in the previous articles.

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