fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EURO  Mon Mar 03, 2014 11:00 am | |
|  Technical Analysis for EURO The pair moved sharply to the upside last Friday to trade around resistance level 1.3810. On the above graph, we notice the importance of stabilizing above the referred to level to confirm extending the upside move, whereas stability above 1.3810 means trading within the ascending channel again. Generally, Linear Regression Indicators are positive where we think that the upside move remains valid and strong by stabilizing above 13% correction at 1.3740. Breaking 1.3680 will make us reconsider this week's expectations, while breaking 1.3620 levels forces us to become negative. Support: 1.3775, 1.3740, 1.3715, 1.3680, 1.3665 Resistance: 1.3810, 1.3850, 1.3895, 1.3945, 1.3970 Recommendation Based on the above, buy the pair above 1.3775 targeting 1.3810, 1.3895 then 1.3970 and stop-loss below 1.3680 | |
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