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Euro zone failed to reach an agreement, plan to meet again on Monday
Wednesday, 21 November 2012 06:20 GMT+2
News & Events
 
The euro fell against the dollar after German finance minister Wolfgang Schaeuble said euro zone finance ministers ended their discussions on the next tranche of loans to Greece without agreement, with plans to meet again next Monday. Eur/usd is currently trading at 1.2752 down 0.5 percent. Public sector net borrowing in UK and unemployment claims in the US are the main events lined up.
 
Technical Analysis
Currency Pair EUR/USD GBP/USD EUR/GBP USD/JPY EUR/JPY EUR/CHF DOW
Resistance 2 1.2825 1.6030 0.8100 82.50 104.90 1.2175 13000
Resistance 1 1.2790 1.5965 0.8065 82.15 104.50 1.2110 12850
Market   1.2750 1.5915 0.8015 81.75 104.20 1.2045 12720
Support 1 1.2720 1.5860 0.7965 81.05 103.75 1.2035 12600
Support 2 1.2665 1.5800 0.7905 80.80 103.10 1.2005 12400
 
 
Trade Idea
 
EURUSD
 
A break and close below 1.2755 targets 1.2720 level, alternative a 4H close above 1.2790 targets 1.2825.
21112012-eurusd.gif

 
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