EUR/USD Daily Forecast, would the Euro remain bearish? /MBCFX /02/26/2013
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EUR/USD technical analysis by using the Slop Line, MACD, and the Moving Averages indicators
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EUR/USD technical analysis by using the Slop Line, MACD, and the Moving Averages indicators
As we have
mentioned yesterday, the EUR/USD recovered on the short term trading, then
declined sharply due to the deteriorating situation in the Euro zone, which we
have affirmed yesterday, to reach the expected target of 1.3096 level, so we
hope that you have benefited from our analysis.
Concerning the
next trading, we remain expecting further decrease towards the 1.2906-1.2883
area, which would represent a good opportunity to enter buy positions, because
after that we expect the EUR/USD would rise as an upward correction
step.
The following
indicators: Slop Line, MACD, an the Moving Averages also give us downward
signals and support the bearish trend for the next trading
sessions.
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