Forex Guides

EUR/USD Update 30 Nov 12

Good day forex traders.

It is the end of the week and the month of November. I hope your trading performance goes by the word fantastico !

In the previous EUR/USD update we note a bullish attempt to break the strong resistance region of 1.3.


Looking at the EUR/USD 4 hourly chart above we note that the bullish momentum continues to tear at the will of the 1.3 resistance.

As the trading comes to an end for the weekend and the month, do be careful of the possibility of unexpected spikes due to the liquidation of positions.

From a fundamental point of view, the economic data remains fragile for the Euro Zone. This continues to curb overwhelming bullish sentiments if any due to the ongoing optimism from the US and China.

Trade safely.

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