EUR/USD Intraday Technical Analysis
Gold Prepares To Target 1620/25 Levels Again...
News: 2012-08-16 07:20:17 UTC+00 9 months, 4 days, 20 hours, 19 min. ago
Silver Targetting 28.30 Levels Again


Show full picture

 

 

Technical Outlook and Chart Setup:
The structure remains unchanged for several days now. The noticeable factor here is the wedge structure that remains intact and also the trading range that is getting narrow. The range supports are as follows: 27.50, 27.00 and 26.50 while the range resistance remains constant at 28.30 level. A series of higher supports is the only confidence inducing factor here for the bulls to stage a breakout rally towards 29.00 and 30.00 levels. Stay long at the moment.
Trading Recommendations:
Stay long for positions taken earlier, target 30.00.

Good Luck!

Performed by
Analytical expert: Harsh Japee
InstaForex Group © 2007-2013
 Published: 2012-08-16 07:20:17 UTC+00 9 months, 4 days, 20 hours, 19 min. ago

 
Recommend: Forex Analytics
 
▶ EUR/USD. Forecast for May 21, 2013
2013-05-21 09:34:10 UTC+00 12 hours, 5 min. ago   		Betrachtet heute 709
▶ GBP/USD. Forecast for May 21, 2013
2013-05-21 10:24:56 UTC+00 11 hours, 15 min. ago   		Betrachtet heute 678
▶ EUR/USD intraday technical levels for May 21, 2013
2013-05-21 07:15:52 UTC+00 14 hours, 24 min. ago   		Betrachtet heute 733
▶ Daily trading forecasts for May 21, 2013
2013-05-21 05:47:19 UTC+00 15 hours, 52 min. ago   		Betrachtet heute 643
▶ GBP/USD intraday technical analysis for May 21, 2013
2013-05-21 06:00:09 UTC+00 15 hours, 39 min. ago   		Betrachtet heute 690