Max McKegg FX Technical Analysis

EUR/USD - My 1.2740 target met!

New Zealand, 10 September 2012 at 04:38 GMT+0
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In my last update on this site, I stated that the euro's corrective reaction toward mathematical support was likely to set up another good buying opportunity for the resumption of EUR/USD's uptrend onto my 1.2740 Target - and this is how it played out.

Now what? Despite the BIG rally already, there is further upside ahead. I am expecting short-term reactions to yield further buying opportunities for the USD's advance toward the 1.3000 level.

 

Maximiser September 10

 

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Max McKegg, FX technical analysis

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Saxo Bank provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Saxo Bank accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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