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About LinkBacksTechnical analysts at MIG Bank believe that the pair EUR/USD has returned to the multi-month descending trend.
The specialists believe that the single currency will decline firstly to 1.3164, then to the last significant minimum at 1.2969 on its way to the August minimum at 1.2588.
According to the bank, euro’s prospects can become bullish only and it may get chance to rise to 1.4282 only if the pair EUR/USD closes the day above 1.3786.
Chart. H4 EUR/USD
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12-15-2010, 05:41 AM #1
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FBS Holdings: EUR/USD may drop to 1.258 (MIG Bank)
FBS Holdings Inc. is an international brokerage company that provides its clients with access to world financial markets – forex, CFD, futures.
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