EUR Trading Outlook (01-11-2013)
The market is looking to test hourly lows near .9440 and the next AUD/USD support levels below there are at .9420 and .9390 (see chart). The medium-term trend is bullish but the short term trend is bearish. I still have a strong bias towards buying-big-dips but with no sign of any short term base emerging, I will need to stay patient. Resistance levels are now strengthening at .9520/30.
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