FOREX: TECHNICAL ANALYSIS 30.11.12

EUR / USD
 
News background:
The pair stopped in its growth in anticipation of events around the U.S. budget crisis.
 
Technical picture:
From a technical point of view, the pair is still in the short term uptrend. Price is above the center line of the Bollinger and EMA 5 and 21.
Oscillator Stoch. points to the possibility of weaker growth in pairs. The RSI shows a possible reversal of the pair down.

 
Trading recommendations. Buy a pair, if it consolidates above 1.3000 level with a potential target 1.3050-60.
 
Technical analyst at Forex Bulygina Marina.
Analytical department of Grand Capital