EUR/USD/Flows and Orders

EUR/USD session outlook

     There is Fibo resistance at 1.3030 which should cap Asian-market moves and support levels are likely to be found near 1.2970. The EUR bad news is now out of the way and the market is starting to focus more on the USD factor; poor trade data and the ongoing fiscal cliff negotiations.

The failure to form an hourly close below 1.3000 is moderately bullish in my eyes, and with stop-loss buy orders now reported above 1.3040, I prefer the buy-dip bias.

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