FOREX: Technical analysis 09/12/12

News background:
Growth of the pair may continue today amid expectations of the Fed meeting with the possibility of launching the new incentives.

Technical picture:
From a technical point of view, a pair rose sharply and now it's locally overbought. The price is for the Upper Bollinger and above MA 5 and MA 21. It is possible that today the new thrust up a little steam and will adjust if stay above 1.2817 level, there is the likelihood of limited growth up.
Oscillator Stoch. and the RSI are overbought.

Trading recommendations.
Buy a couple on the rebound down from a local to 1.2940.

Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital