By Franco Shao
| Nov 26, 2012 02:07AM GMT |
is facing 1.0480 resistance, a break above this level will confirm that the uptrend from 1.0149 (October 8 low) has resumed, then further rise towards 1.0550 could be seen. Support is at the upward trend line on the 4-hour chart, only a clear break below the trend line will suggest that a lengthier consolidation of the uptrend is underway, then sideways movement in a range between 1.0287 and 1.0480 could be seen.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.