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Not much change from yesterday, the pair remains under selling pressure and so, bearish in bigger charts, yet moving sideways in 4 hours charts, with a strong support/congestion zone between 1.2580/1.2600 that’s holding the downside. Under that, we have supports at 1.2540 and finally the tough 1.2500/10. To the upside, as long as the pair holds here, we could see some bullish movements, with resistances at 1.2665/85, the zone @ 1.2740 and finally the descendant daily trend line at 1.2780.
good comments for uro , anyhow i would like to ask i am in this business from last 6 yrs , why it happens when market is in selling pressure suddendly it turns bullish to 500 points and takes away all we earned such fears usually warns and keep away to take position even though like today is it in selling pressure thannks