Forex Analysis: 2012-04-25 09:54:08 UTC+00 2 years, 2 months, 4 weeks, 1 hour, 53 min. ago
EUR/USD Intraday Technical Analysis


Show full picture
 

 

The spot rate is currently testing the upper limit of its medium term bearish channel at 1.3230 and seems to initiate a decline. However a break of these levels will release significant potential and initiate a bullish trend.
Technical indicators provide buy-signals but until the resistance is not broken the assumption of a decline is most likely. 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 will indicate a bullish opportunity as soon as the spot rate has broken its resistance at 1.3230 with the 1st objective at 1.3290 and then at 1.3310. A break though 1.3210 will invalidate this scenario.

Albert Fitoussi is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please give your vote for this analyst.

Performed by
analytical expert: Albert Fitoussi
InstaForex Group © 2007-2014
 Published: 2012-04-25 09:54:08 UTC+00 2 years, 2 months, 4 weeks, 1 hour, 53 min. ago

 
Recommend: Forex Analytics
 
Daily analysis of GBP/USD for July 23, 2014
2014-07-23 06:52:41 UTC+00 54 min. ago  
Views today 588
Gold wave analysis for July 23, 2014
2014-07-23 06:53:09 UTC+00 54 min. ago  
Views today 576
Daily analysis of major pairs for July 23, 2014
2014-07-23 07:11:57 UTC+00 35 min. ago  
Views today 644
Technical analysis of EUR/USD for July 23, 2014
2014-07-23 07:35:52 UTC+00 11 min. ago  
Views today 554