EUR/USD Technical Analysis for Dec. 3, 2012 by DailyForex.com
For the full analysis click here- http://www.dailyforex.com/forex-technical-analysis/2012/12/EURUSD-Daily-Outlook-Dec-3-2012/16301 The EUR/USD pair rallied during most of the session on Friday, but gave back quite a bit of the gains once we got above the 1.30 level. The thing that I found most interesting about this candle is that it is the second shooting star a row, which normally means bad things. However, we did have the Wednesday hammer that showed support as well. This pair looks very tight at the moment, and there will more than likely be some type of breakout and significant move coming in the relative near future.
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