FOREX FORECAST FOR 26TH OF NOVEMBER, 2012.
Money and Finance

FOREX FORECAST FOR 26TH OF NOVEMBER, 2012.


Today on the 1 hour chart, the price of EUR/GBP is on an upwards trend. Next week Monday 26Th Of November, 2012. We are expecting the upward movement to continue and break the resistance line 0.8108. But our focused point is the pivot point marked with thick black line 0.8072.

RECOMENDATION : Buy if the price continue  on its upward movement  towards the resistance level line 0.8108 and is heading upwards with a stop loss place a little below the  0.8072 support level and take profit set at 0.8108 and upwards respectively.

Sell if the price break the support line 0.8072 and its moving downwards with your stop loss place a little above the  0.8072 support line and take profit at level 0.8006. Please always use your MACD to time your entry point. And risk only 3% of your capital. 






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