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
 
Intraday technical levels and trading recommendations for EUR/USD for July 29,...
29 Jul 2016, 15:44 UTC+00   
Views today 2564
Intraday technical levels and trading recommendations for GBP/USD for July 29,...
29 Jul 2016, 15:46 UTC+00   
Views today 2409
Silver Technical Analysis for July 29, 2016.
29 Jul 2016, 07:54 UTC+00   
Views today 2331
Technical analysis of Gold for July 29, 2016
29 Jul 2016, 10:50 UTC+00   
Views today 2315
NZD/USD Trading Recommendations for 29th July 2016
29 Jul 2016, 07:17 UTC+00   
Views today 2302