Is this a potential for long?? EUR-USD 200+ PIPS??

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Comment by Sardar Uddin on July 18, 2012 at 11:09am

I can see how it will bullish

candle shape even though these are not regular candles
breakout of MA

so one can guess possible retrace to longer MA as over trend seems to be down

what I see at this point is that price action is still in resistance area, on the break out from this area it may target 1.2400 region, app 100 pip but reversal is also a possibility so I will wait for break out on either end.

Best

Sardar

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