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FX.co ★ EUR/USD Bearish Outlook, November 29, 2011 (Daily Strategy)

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Forex Analysis:::2011-11-29T13:43:31

EUR/USD Bearish Outlook, November 29, 2011 (Daily Strategy)

EUR/USD Bearish Outlook, November 29, 2011 (Daily Strategy)

EUR/USD

Investors are encouraged by the prospect that the Federal Reserve will launch an additional program to buy bonds the next quarter, yesterday evening was reported to have found a formula to leverage the billions of euros in rescue, when in the next few days details will be published. These events, surely encourage the Euro - Dollar,


On a technical level, the pair opened the week with a bullish Gap, and still has not closed. given that there is a slight upward trend, we believe that the force was over. just at the level of resistance around 1.3460, if this level is broken and the pair closes the November negotiations over this level. have for the month of December, a euro trading above 1.38. Our profit-taking in this exercise we will place in the nearest support around 1.3100. dollars per Euro.

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