FOREX FORECAST FOR 4TH OF DECEMBER, 2012.
Money and Finance

FOREX FORECAST FOR 4TH OF DECEMBER, 2012.


Today on the 1 hour chart, the price of EUR/USD is within the channel 1.3020 and 1.3084 also considering the upwards trend. But we are going to pay attention at the support level marked with thick black line. Currently the market is moving upwards and we are expecting a rebounce on or before the support line 1.3020.

RECOMENDATION : Buy if the price rebounce on the support level line 1.3020 and is heading upwards with stop loss place a little below the 1.3020 support level and take profit set at 1.3084 and upwards respectively.

Sell if the price breaks through the support level 1.3020 and is going downwards with your stop loss place a little above the 1.3020 support line and take profit at level 1.2947 and 1.2882 respectively. Please always use your MACD to time your entry point. And risk only 3% of your capital. 






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