EUR/USD Signal - June 12, 2012

Forex Royals

By: Forex Royals

Currency: EUR/USD.
Trend Expected Direction: Downtrend.
Method: Resistance and support levels.
Description: The EUR/USD is currently below 1.2550, which considered to be a strong resistance level. We estimate that the currency pair will keep its downtrend and reach the support line at 1.2505.
Action: Best action is to sell at 1.2550.
Target Area: First target 1.2505 second target 1.2465.
Stop Loss: 1.2595.

EUR/USD Signal - June 12, 2012

Forex Royals
Forex Royals (ForexRoyals.com) is one of the leading account management and Forex signal services in the Middle East. Forex Royals consists of five analysts that specializes in the field of stocks and currency trading. They also provide sell/buy recommendations, take profit or stop loss on the major currency pairs which include: EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/GBP, AUD/USD, and different kinds of commodities.

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