empty
 
 
06.03.2013 05:39 PM
EUR/USD - key level of 1.31 - for March 06, 2013 (daily strategy)

The euro does not leave the range between 1.2970 and 1.3070. It appears to be unchanged and is trading back around the psychological level of 1.30, while waiting for some strong data that allows it to jump to the area of 1.31. It is likely that before a new bearish movement this pair tries to break 1.3101 level. On the other hand, if the pair closes above 1.31, it will drive you to the nearest resistance of 1.3235. If during today's session, the pair reaches the level of 1.2970, you can buy this pair with the objectives outlined in the chart. On the other hand, the 200 day moving average is at 1.2883, indicating that the long-term uptrend has not been lost. Therefore, any price near this level should be considered as an opportunity to buy this pair.

This image is no longer relevant

If you need personal consultation, contact me via e-mail: [email protected]

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback