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EUR/USD Signal- September 6, 2012

Currency: EUR/USD
Trend Expected Direction: Uptrend
Method: Rising parallel channels.
Description: We see that the EUR/USD created a rising parallel channel , and is facing a resistance point at 1.2625 (red line) . If the EUR/USD pair breaks this resistance level , it could continue the uptrend until it reaches the upper channel line at 1.2700 first, and then 1.2750.
Action: Best action is to buy above the resistance level 1.2625 .
Target Area: First target 1.2700 , second target 1.2750
Stop Loss: 1.2510

EURUSD Signal 9612

Forex Royals
About 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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