Euro too moved exactly in our forecasted direction. For now the currency pair is expected to test higher towards 1.2300 levels but a corrective decline is due in the currency pair before any further rally is seen in the pair. We would prefer to initiate a sell on any move higher towards 1.2230 levels for a decline towards 1.2150 levels minimum and if this is cleared then chances that 1.2090 can be tested.
Sell @ 1.2230 for 1.2150 min with stop above 1.2260.
By N. Rajesh Kumar,
Forex Leads,
Email:
rajesh@forexleads.com ,
# 3 G-1 Ambal Flats,
Sathyavathi Nagar,
Padi Chennai 600050,
Phone: + 91 44 26549159
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