EUR/USD weekly technical analysis for April 15-19, 2013
April 15, 2013 6:45 am
The EUR/USD is now trying to enter the median level between 1.3072 and 1.3033; if there is nothing significant fundamental news can affect, this currency will be playing within this zone. But if something happens due to fundamental news, causing the strong bearish sentiment for this currency and making the pair breach bellow the strong support at 1.3008-1.3004, then the EUR/USD will be going down to 1.2968 as the first target and 1.2922 as the second target.The opposite scenario: if the strong resistance between 1.3097 and 1.3101 is breached, then 1.3137 will be the first target and 1.3138, the second target from this currency pair.
The EUR/USD is now trying to enter the median level between 1.3072 and 1.3033; if there is nothing significant fundamental news can affect, this currency will be playing within this zone. But if something happens due to fundamental news, causing the strong bearish sentiment for this currency and making the pair breach bellow the strong support at 1.3008-1.3004, then the EUR/USD will be going down to 1.2968 as the first target and 1.2922 as the second target.The opposite scenario: if the strong resistance between 1.3097 and 1.3101 is breached, then 1.3137 will be the first target and 1.3138, the second target from this currency pair.
Best regards,
Arief Makmur
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
Email: [email protected]
Yahoo Messenger & Skype: Arief.ifx_jakarta
The material has been provided by InstaForex Company – www.instaforex.com
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