ForexPros Daily Analysis November 30, 2010
On the daily chart, the euro is in short setups. The full half way back long at 1.3077 may serve as some support. On the 15 minute chart, the euro is in a series of measured moves. The extension short from 1.3211 to lows at 1.3064, with 50% at 1.3137, with target at 1.3029. The full half way back short is at 1.3181, with target at 1.30076.
On the daily, in measured moves short. On the 15 min chart, the pound is in measured moves short. The next half way back at 1.5585, with target at 1.5498.. Daily pivot at 1.5581.
In measured moves long, hitting its 23.6% target at 84.237. Could have a pullback here.
Forex Trading analysis written by Diana Rochford for Forexpros.
New on Forexpros the Forex Brokers Directory!
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.