What is the Next Target of the EUR/USD / MBCFX Technical Analysis Team 02/05 /2013

The EUR/USD pair rose again during the Friday session as the nonfarm payroll numbers in America came out pretty much as expected and the EUR/USD reached 1.3711 level. But we notice yesterday a sharp decline and the prices closed at 1.3484.

Concerning the next trading sessions, we expect that the Euro will continue its decrease to reach 1.3412 with correspond to theneckline 

level of the head and shoulders form and the SMA100…….

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