the Euro zone's problems may be easing , at least on the currency front. Euro USD prices are suggesting that after the 'panic' there seems to be some stability.
The emergence of a hammer after a continous downmove is indicating a halt to the current fall in prices.
I would wait for a break and close above 1.2525 to suggest further bullishness and if that occurs, my target should be near 1.29 - 1.30.
One needs to keep stoploss near to recent low to trade.
A rise in Euro may lead to a fall in Gold which has seen a runup backed by the Euro problems.
Happy trading!
CA Rajiv D Khatlawala
www.investogyan.com
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