Euro has been trading inside a range between 1.2200 and 1.2150 for a long time. For now while the currency stays above 1.2100 we would expect a rally towards 1.2250 and above. So look to initiate a buy position if 1.2120 is seen first, for the above said target to be reached.
Buy @ 1.2120 for 1.2210, with stop below 1.2090.
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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