Weekly forecast of the EUR/USD for Jan 28th 2013 by MBCFX.com
http://www.mbcfx.com/news/news_en.html
EUR/USD Technical Analysis by using the following technical indicators: the Digistoch , the Stochastic indicator and the FX5_Divergence.
http://www.mbcfx.com/news/news_en.html
EUR/USD Technical Analysis by using the following technical indicators: the Digistoch , the Stochastic indicator and the FX5_Divergence.
The
EUR/USD jumped to reach the 1.3478, during the trading of the last week, and we
remain expecting that it would continue its bullish trend.
The first
expected target would be towards the main resistance level, that we have
mentioned the last week, which is $1.3490, and if it breaches up this level,
the market will witness a bullish wave, and next target would be towards the
1.3520 and the 1.3595 levels.
And this uptrend is expected if there is
positive economic news that would support the Euro.
We notice
on the daily chart that the prices have been trading within an ascending
channel since November 11th 2012, and now it is testing the high
levels, then it would retreat significantly to the main support level of
$1.3355, then to the 1.3264 level, and this is confirmed by the almost
technical indicators especially the Digistoch and the Stochastic indicator and the Divergence the FX5_Divergence.
So we
recommend our dear traders to wait the high levels that we have mentioned, and
to enter the market at these levels to sell the EUR/USD pair on the medium and
the long term trading.
Notice : We advice our dear traders to follow us on
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the market.
