Forex Analysis: 28 Mar 2012, 06:40 UTC+00

EUR/USD Intraday Technical Analysis


Show full picture
 

 

The spot rate is currently testing the intermediate support of its medium term bullish channel at 1.3320 suggesting a rebound. However, a break of these levels will trigger a return to the lower limit of this one - to 1.3250.
Technical indicators provide buy-signals but are approaching the overbuy zone supporting the assumptions of a decline. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement.
According to previous events, the market indicates a bullish opportunity at 1.3320 with the 1st objective of 1.3380, then 1.3400. A break through 1.3300 will invalidate this scenario.




 


Performed by
analytical expert: Albert Fitoussi
InstaForex Group © 2007-2016
 Published: 28 Mar 2012, 06:40 UTC+00

 
Recommend: Forex Analytics
 
Technical analysis of USD/JPY for December 09, 2016
9 Dec 2016, 09:56 UTC+00   
Views today 1887
Elliott wave analysis of EUR/NZD for December 9 - 2016
9 Dec 2016, 11:30 UTC+00   
Views today 1856
Technical analysis of EUR/USD for Dec 09, 2016
9 Dec 2016, 08:40 UTC+00   
Views today 1852
Technical analysis of GBP/JPY for December 08, 2016
9 Dec 2016, 09:34 UTC+00   
Views today 1851
Technical analysis of NZD/USD for December 09, 2016
9 Dec 2016, 09:43 UTC+00   
Views today 1848