EUR/USD Weekly forecast
technical analysis/ MBCFX/05/06/2013
The Euro tried to rise
against the US Dollar during the last week towards the 1.3241 level; however it
closed lower at $1.3115, and below the Kijun Sen level on the weekly chart.
And this indicates that the EUR/USD prices are
going to form the Head and Shoulders pattern, as we expect it will reach the
1.2972-1.2940 area at the average and weekly term trading.
Concerning the daily
term trading we expect that the Euro will retreat to the 1.3085-1.3070 area
which would represent good opportunities to buy on the short term, and it will push the prices high towards the
resistance area 1.3200/1.3240 .
As we expect that the
general trend of today will be bullish.
We also notice on the
daily chart that the Shooting Star that give us downward signals on the short
term.
Also almost of the
technical indicators give us downward signals on the 1 hour term, but upward
signals on the 4 hours and daily term trading.
Dear traders: we are going to
make the GBP/USD technical analysis, the
Gold analysis, and the EUR/GBP, so if you would like to receive these analysis,
please register in our Newsletters form,
http://www.mbcfx.com/newsletters.php
then
we will send you all the analysis, the
trading signals and alerts by email or
on your mobile phone.
For the rest of the technical analysis and to know the next target of this pair and other currencies.
Register Now on our website: www.mbcfx.com
And start receiving:
Real time alerts,
When to buy and sell,
Take profit and stop loss.
Daily Technical and Fundamental Analysis.
Also the economic calendar and the major events to watch
For more info please contact us at : info@mbcfx.com
Register Now on our website: www.mbcfx.com
And start receiving:
Real time alerts,
When to buy and sell,
Take profit and stop loss.
Daily Technical and Fundamental Analysis.
Also the economic calendar and the major events to watch
For more info please contact us at : info@mbcfx.com