???URO update (Post FOMC) – $EURUSD $6E_F

Following this morning´s update, a few observations

– Currently trading  at 1.3089, as I am writing as Bernanke is starting to speak.

– Trend is still up, although  -as noted-, 1.3120-1.3095 is an important area where I would expect some sort of selling to occur

– 1.3140 is a swing spot where important imbalanace between supply and demand took place, previously

– 1.3110 as POC, followed by 1.3072 (where I would expect some buyers to act, provided a retracement takes place)

– 1.3040 POC is another spot where I would expect buyers to take the stand

-1.3018-1.2996 is currently my line in the sand to mantain upside momentum, on a shorter term basis.

2012-12-12_1613

Update

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