Forex Today News Signals & Analysis EUR USD 02-03-2014
BEARISH below 1.357 ; moving toward 1.349 and possibly 1.347
Breaking 1.357 will trigger a possiblity to 1.355 and 1.357
Pivot : 1.357
Support : 1.349 1.347
Resistance : 1.355 1.357
Last Price : 1.34806 Forex Today News Signals & Analysis EUR USD
Our preference: Short positions below 1.356 with targets @ 1.345 & 1.3415 in extension.
Alternative scenario: Above 1.356 look for further upside with 1.36 & 1.3645 as targets.
Comment: as long as the resistance at 1.356 is not surpassed, the risk of the break below 1.345 remains high. The pair is capped by its 50-period moving average (in blue).
Disclaimer: It is NOT A TRADING OR INVESTMENT ADVICE NOR RECOMMENDATION, you may use this information at your own risk.
Breaking 1.357 will trigger a possiblity to 1.355 and 1.357
Pivot : 1.357
Support : 1.349 1.347
Resistance : 1.355 1.357
Last Price : 1.34806 Forex Today News Signals & Analysis EUR USD
Our preference: Short positions below 1.356 with targets @ 1.345 & 1.3415 in extension.
Alternative scenario: Above 1.356 look for further upside with 1.36 & 1.3645 as targets.
Comment: as long as the resistance at 1.356 is not surpassed, the risk of the break below 1.345 remains high. The pair is capped by its 50-period moving average (in blue).
Disclaimer: It is NOT A TRADING OR INVESTMENT ADVICE NOR RECOMMENDATION, you may use this information at your own risk.
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