EUR/USD Intraday Technical Analysis 2012-12-31 |
 5/5
|
|
|
||
The spot rate is currently testing the upper limit of its long-term bearish channel at 1.3280 suggesting a decline. However, a break of these levels will initiate a violent bullish channel.
Technical indicators do not provide clear signals but the rate approaches overbuy zone and until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have stabilized showing a more regular volatility.
The spot rate is currently testing the upper limit of its channel, we suggest 2 scenarios. The first one is the hypothesis of a decline where we recommend a sell on the level of 1.3280 with the 1st objective at 1.3220 and then at 1.3200. A breakthrough of 1.3300 will invalidate this scenario. The second scenario is a break of its resistance where we advise a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 1.3280 with the 1st objective at 1.3340 and then at 1.3360. A breakthrough of 1.3260 will invalidate this scenario.
wow, great, I was wondering how to cure acne naturally. and found your site by google, learned a lot, now i’m a bit clear. I’ve bookmark your site and also add rss. keep us updated. best forex signals
ReplyDeleteHow to get free forex tips and do you send signals on phone or through email ?
ReplyDelete