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EUR/USD weekly technical levels for September 2 – 6, 2013

September 2, 2013 1:45 pm

Weekly technical levels:

 

 

Intraday trading recommendations: 
EUR/USD: 
  • According to previous events, the price has still been trapped between 1.3250 and 1.3200. 
  • The level of 1.3175 will indicate strong support. Moreover, the price will form a double bottom at this level (1.3175). 
  • Therefore, it will be wise to buy at 1.3175 with the first target at 1.3266 (the weekly pivot point), then it will continue towards 1.3350.
  • The stop loss should be placed below 1.3103.

 

The material has been provided by InstaForex Company – www.instaforex.com

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