FX.co ★ The Analysis of the Market Manipulations with EUR/USD for September 6, 2010.

The euro has reached the level of 1.2890 amid the forecast by me positive report on non-farm payrolls in the USA. Today hardly any changes should be expected, as it is a bank’s holiday in the USA. I recommend to stay outside of the non-liquid market and to follow the further reaction of the market on the statistics published on Friday. After penetrating through the resistance level of 1.29 I expect the upturn by 50 pips. In case of the recoil the support can be place at: 1.2860, 1.2820. The cancelation of the upmoving trend and the beginning of the correction can be confirmed by a break through the trend line.
Trading recommendations:
-stay outside of the market