EURUSD has the potential
to rise upto 1.3350-60 but can be sold on rise. It has a good resistance at
1.4420, a weekly closing above this level can change short term view or else it
can come in the range of 1.3020-50. The overall long term bullish view
published on 1st January, 2012 (http://goo.gl/s5XJR) remains intact. I had expected a recovery from March 2012, but it gave a good bounce in Jan-Feb 2012 and now in the short term we can see a dip. Thus, from the short term point of view we can sell EURUSD on
rise and if you are a long term investor you can wait for a good dip in price
to go long on the counter.
