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 Technical Analysis for EUR/USD

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fxpulsation




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Technical Analysis for EUR/USD Empty
PostSubject: Technical Analysis for EUR/USD   Technical Analysis for EUR/USD Icon_minitimeWed May 08, 2013 8:59 am

Technical Analysis for EUR/USD 728x90_style_1_en

Technical Analysis for EUR/USD

Current level - 1.3104

The consolidation pattern below 1.3150 is still underway, but the volatility is steadily decreasing as the market is getting ready for a break-out. I expect a break through 1.3070 static support to initiate a slide towards 1.2950. Key resistance on the upside remains projected at 1.3150.

Profit-taking affects gold curbing silver and platinum
Resistance Support
intraday intraweek intraday intraweek
1.3120 1.3200 1.3070 1.2950
1.3150 1.3320 1.2950 1.2750

Technical Analysis for EUR/USD Instaforex_mb_760x151_en
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