EUR/USD daily
forecast, would the Euro remains bullish or will shift to bearish?
/MBCFX/03/01/2013
EUR/USD
technical analysis by using the Down Kumo , Slop Line, the Ichimoku ,
FX5_Divergence MACD, and the Moving Averages indicators
http://www.mbcfx.com/news/news_en.html
The
EUR/USD witnessed a great volatility yesterday at 105 points, and has reached
the highest level at $1.3157, and lowest level at $1.3052, but it closed by a
bear candle,
And we
remain expecting further decline of the prices , especially after it has entered
within a Down Kumo trading , after it breached down the ascending
channel, and this confirms the decline of the EUR/USD towards the Ichimoku
support level of $1.2960,
and
the next target would be 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. Which is indicated the
following 4 hours chart :
In
this chart, we notice that the EUR/USD is decreasing on the short term trading,
but we expect it would recover on the next trading session after reaching the above
mentioned levels.
The
following indicators: Slop Line, MACD, and the Moving Averages also give us
downward signals and support the bearish trend for the next trading session, then
upward signals on the average term trading.