According to the previous events the price is expected to remain between 0.8283 and 0.8222 levels.
Buy-deals are recommended above 0.8160 (strong support) with the first target seen at 0.8210. The movement is likely to resume to the point 0.8280 and further to the point 0.8310.
The descending movement is likely to begin from the level 0.8310 (strong resistance) with 0.8203 and 0.8170 seen as targets.
Observations:
Range: 110 pips for May 15, 2013.
Double bottom will be formed at the level of 0.8160.
0.8310: strong resistance, then sellers asking for a high price.
0.8170: strong support, then buyers bidding at a lower price.
If you have any questions or requests, please feel free to contact me: [email protected].
The material has been provided by InstaForex Company – www.instaforex.com
Trading recommendations:
According to the previous events the price is expected to remain between 0.8283 and 0.8222 levels.
Observations:
Double bottom will be formed at the level of 0.8160.
If you have any questions or requests, please feel free to contact me: [email protected].
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: