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Focus is on Eurogroup
Monday, 26 November 2012 05:49 GMT+2
News & Events
Euro has lost some ground in the week’s first session against the dollar, however still maintains to keep above 1.2950 support level. The Yen after expanding losses just after the release of BOJ meeting minutes has returned to positive territories for the session and is now trading at 82.25 against the greenback 0.2% lower for the day. The main appetite for the day will definitely be the Eurogroup meeting as markets are hopeful for an agreement on Greece next aid package.
 
Technical Analysis
Currency Pair EUR/USD GBP/USD EUR/GBP USD/JPY EUR/JPY EUR/CHF DOW
Resistance 2 1.3045 1.6135 0.8165 83.35 107.65 1.2100 13100
Resistance 1 1.2995 1.6060 0.8120 82.75 107.15 1.2070 13000
Market   1.2950 1.6025 0.8085 82.25 106.55 1.2040 12930
Support 1 1.2850 1.5980 0.8055 82.05 105.70 1.2020 12710
Support 2 1.2820 1.5940 0.8030 81.50 105.40 1.2010 12600
 
 
Trade Idea
 
USDJPY 4H Chart:
 
We maintain a bullish view on the medium term and look for buying opportunities. Good entry levels might be around 82.05-81.95 and 81.45.


 
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