Partner Cabinet
Client Cabinet
  Symbol Bid Ask
EURUSD 1.2931 1.2934
GBPUSD 1.5123 1.5126
USDJPY 101.27 101.3
USDCHF 0.9614 0.9617
USDCAD 1.0318 1.0321
EURJPY 131.01 131.04
EURCHF 1.2431 1.2436
GBPJPY 153.14 153.21
GBPCHF 1.4541 1.4548
GOLD 1386.2 1386.8

Live help online

Click here

 

EUR/USD: Sell Bellow 1.3405 - Fractal Analysis for April 03, 2012 2012-04-03


Show full picture

 

 

EUR / USD has entered a zone which seems not to be exceeded - 1.34, but without yielding firm of 1.32, only data for the next few days concerning the ECB's monetary policy and employment in the United States appear to be able to give a faster rate.
From a technical point of view we can notice the formation of a fractal 1.3324, if the sequence continues downward, we recommend buying at 1.3245 level which is the lowest fractal zone, and near 1.3220 – a weekly support, or if the euro increases your quote, then we can sell during the next fractal pullback from 1.3405 with targets at 1.3230.
The range indicator shows that the euro is overbought.

 

Gerardo Porras is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please vote for him.

Performed by Gerardo Porras, Analytical expert
InstaForex Group © 2007-2013