Forex : EUR/USD Technical Analysis Forecast for September 03 2013 by MBCFX
The EUR/USD pair declined and closed below the 1.3200-mark which considered
as the Bearish turning point, so a further decline is expected toward 1.3150,
then 1.30103 and prices could even fall toward 1.3085 (the lower band of the
Ichimoku cloud). Those levels provide a good
opportunity to long the pair. The bearish sentiment continues to
overshadow the pair, so any rally will be capped
ahead of the U.S.
Nonfarm-payrolls report on Friday and busy week of major central banks meetings, so short positions can be initiated at 1.3257
and 1.3297 zones.
