???URO update – $EURUSD $6E_F

Following up on yesterday´s post.

Choppy price action has provided some footing towards the 1.2790´s area, which is beign breached as I´m writing this post. Furthermore, price is being traded at 1.2803 POC

As written yesterday

Alternatively  -following last week´s move- I am switching my stance towards “neutral”/long. The reason for not adopting a full upward trend is that 1.2800´s have not been fully breached and last week for sellers to mantain pressure…..

Thus, a clean and sustained break above 1.2790´s as a key price point for further upside.

2012-11-19_1245

Price action is indicating higher value areas will be revisited.

1.2929 as the first logical spot in which I would expect some selling to take place, at least briefly and slightly. 

2012-11-19_1247

Below, are the next areas I´ll be watching to the upside.

2012-11-19_1250

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