Technical analysis of EUR/USD for February 26, 2014
February 26, 2014 6:30 am
The pair is consolidating in a range between 1.3686 and 1.3773. During the Asia’s trading session, the pair is trading near crucial ascending trend line support zone, breaking below that it will fall to 1.3686. Major weakness on the cards only below that level of 1.3686 towards 1.3653 immediately. Positional shorts will form below 1.365 for the targets at 1.3468. On the other hand, if the pair break upside range at the level of 1.3773, it will move up to 1.3820, 1.3850, and 1.39 finally.
The material has been provided by InstaForex Company – www.instaforex.com
The pair is consolidating in a range between
1.3686 and
1.3773. During the Asia’s trading session, the pair is trading near crucial ascending
trend line support zone, breaking below that it will fall to 1.3686. Major
weakness on the cards only below that level of 1.3686 towards 1.3653 immediately. Positional shorts will form below 1.365 for
the targets at 1.3468. On the other hand, if the pair break upside range at the
level of 1.3773, it will move up to 1.3820, 1.3850, and 1.39 finally.
The material has been provided by InstaForex Company – www.instaforex.com
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