FX.co ★ The market manipulations analysis of the EUR/USD by Alexey Portnov for 30/11/2010

This currency pair is continuing to decline amid the events in Portugal, Ireland and Spain, but the potential for decrease is limited. At present, from the technical point of view the level of 1.3050 acts as a resistance for lowering. Until the price has not reached this level I expect the continuation of the dominant tendency, but further the rebound from support level and probable beginning of the uptrend are expected.
Trading recommendations:
- To sell with a target to 1.3050/60