EUR/USD weekly technical analysis for April 01-05, 2013
April 1, 2013 8:15 am
For this whole week starting from April 01 to 05, 2013, this currency is going to test 1.2751 level. If this level can be breached it will try to reach 1.2671, as the primary target, and 1.2568, as the secondary target. Although the EUR/USD pair has got a reversal movement to the upsides, close above its strong resistance between 1.2814 to 1.2821, then the EUR/USD pair is going to enter its mid-price level at 1.2864 and 1.2934.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The material has been provided by InstaForex Company – www.instaforex.com
For this whole week starting from April 01 to 05, 2013, this currency is going to test 1.2751 level. If this level can be breached it will try to reach 1.2671, as the primary target, and 1.2568, as the secondary target. Although the EUR/USD pair has got a reversal movement to the upsides, close above its strong resistance between 1.2814 to 1.2821, then the EUR/USD pair is going to enter its mid-price level at 1.2864 and 1.2934.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email: [email protected]
Yahoo Messenger and Skype: Arief.ifx_jakarta
blog.mt5.com/arief
http://www.mt5.com/forex_analysis_award/profile/index/arief
Disclaimer:
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The material has been provided by InstaForex Company – www.instaforex.com
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