InstaForex InstaForex

Forex Analysis: 4 Apr 2012, 08:07 UTC+00

EUR/USD Intraday Technical Analysis

Show full picture


The spot rate broke the lower limit of its medium term bullish channel at 1.3290 leading to acceleration. A pull back at these levels is expected before a resumption of bearish sentiment and this will free a large potential.
Technical indicators provides sell-signals but approaching the oversell zone supporting the assumptions of a pull back. Bollinger bands are much discarded as a result of the strong decline of these days. Stabilization is expected in the short term.
According to previous events, the market indicates a bearish opportunity at the levels of 1.3290 with the 1st objective of 1.3220, then 1.3200. A break though 1.3310 will invalidate this scenario.


Performed by
analytical expert: Albert Fitoussi
InstaForex Group © 2007-2017
 Published: 4 Apr 2012, 08:07 UTC+00

Recommend: Forex Analytics
Daily analysis of major pairs for August 21, 2017
21 Aug 2017, 13:30 UTC+00   
Views today 2400
Global macro overview for 21/08/2017
21 Aug 2017, 12:14 UTC+00   
Views today 2359
USD/JPY profit target reached perfectly, prepare to buy again
21 Aug 2017, 05:57 UTC+00   
Views today 2323
Intraday technical levels and trading recommendations for EUR/USD for August...
21 Aug 2017, 15:18 UTC+00   
Views today 2322
Elliott wave analysis of EUR/JPY for August 21, 2017
21 Aug 2017, 12:59 UTC+00   
Views today 2314

Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
from InstaForex
on every deposit