Thursday, April 5, 2012

EURUSD - trading recommendation. Technical analysis (Daily, H4)

2:37 PM  , , , , ,  10 comments

EURUSD - Daily chart

Strong decline within last three days has brought the rate to 1.3025 - 1.3055 support zone. Combined with oversold sentiment it can lead to upward correction. 

EURUSD - Daily chart

EURUSD - H4 chart

EURUSD was stopped at 1.3055 line. If it remains over this level  we can expect consolidation in 1.3055 - 1.3085 zone. Breaking over this consolidation will give the green light to 1.3135 line. 


EURUSD - H4 chart

Trade recommendation
Buy after closing above 1.3085
Target levels: T1: 1.3135 T2: -
Sell after closing below -
Target levels: T1: - T2: -
Current support levels
  • 1.3055
  • 1.3025
  • 1.3000
Current resistance levels
  • 1.3085
  • 1.3135
  • -

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