EUR/USD Daily Forecast ahead of the ECB president’s speech /MBCFX /02/18/2013
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EUR/USD
Technical Analysis: by using the Ichimoku indicator, Stochastic, Parabolic Sar,
Alligator, RSI, and MADC indicators
The EUR/USD
has stated the trading of this week within a range trading, where it is trying
to breach the Neckline level on the daily chart, and this would confirms the
shift of the trend from bullish to bearish.
So during this
week, we expect a significant bearish trend towards the main support area of
1.3306-1.3280, and if it breaches down this level , the next target would be
towards the top level of the Ichimoku at
$1.3208.
The following
indicators: Parabolic SAR, Stochastic, Alligator, RSI, MACD, also support the
bearish trend of the prices.
As for the key
resistance level it lays at $1.3355
