Euro is also strongly making its way up, but only a sustained stay above 1.2330 should add bullishness to the currency. However we would expect the currency to be supported at 1.2300. So look to initiate a buy at 1.2310 for the above said target to be reached.
Buy @ 1.2310 for 1.2390 min, with stop below 1.2280.
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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