Euro did not show signs of bounce back so we would turn bearish on our view, expecting the currency to stay below 1.2115. So prefer selling on rise near 1.2105 for the currency to continue declining towards 1.2000 and lower. So prefer selling on such rise for the above said target to be reached.
Sell @ 1.2105 for 1.2020, with stop above 1.2135.
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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