Monday 12 August 2013

FACTSFOREX DAILY FOREX ANALYSIS FOR 12/08/13

                                                                    EUR/USD
Eur/usd gaped today by breaking the low of the inside bar  formed today.The bar formed today doubled as Fakey setup so we anticipate a rotation back to 1.3200 support zone in few days.


                                                                    GBP/USD
GBP/USD breaks the low of the inside bar formed on friday last week.We expect rotation to EMAs slope where we can look for a bullish set up to join the exixting dominant trend.

                                                                   USD/CAD
USD/CAD stalled today by forming an inside bar today.We are expecting a fakey setup to trade to the next support level around 1.0244.






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