As long as this pair is above support at 1.3450 some longs from 1.3520 shall be considered but with no more than 30 pips of stop loss order as firmly breaking support at 1.3500 may easily fall toward last thorough at 1.3440 or even 60 pips lower. On the…
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Oil, gold and silver may correct higher before resuming downward momentum as risk appetite firms ahead of upcoming congressional testimony from Federal Reserve Chairman Bernanke where the US central bank chief is expected to play down last week’s discount rate increase.

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Asian equity markets are tracking the second day of losses in the US, with a troubling decline in US consumer confidence coupled with a poor German IFO print overnight reigniting risk aversion flows. SP/ASX fell 1.5% amid mixed earnings from the commodit…
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Today#8217;s support: - 1.3501 and 1.3472(main), where correction is possible. Break would give 1.3457, where correction also may be. Then follows 1.3429. Break of the latter would result in 1.3407. If a strong impulse, we would see 1.3385. ……
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Our overall outlook for the pair remains highly constructive and as such, any dips should be used as formidable buy opportunities.

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