Max McKegg FX Technical Analysis

EURUSD: Next buying opportunity for advance towards 1.2740 target

New Zealand, 03 September 2012 at 05:26 GMT+0
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In my last update I forecast another corrective reaction in the euro, ahead of the next buying opportunity.  After falling back to my mathematical support, the euro rallied nicely into week's end, reaching new recovery highs.

The reaction off Friday's 1.2635 is setting up the next good buying opportunity for advance toward my 1.2740 target.

Maximiser Sept 3 

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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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