empty
 
 
11.03.2013 09:22 AM
EUR/USD: Weekly technical levels for March 11 - 15, 2013

Weekly technical levels:

This image is no longer relevant

Tip:

Use time frame of H1 to determine the lower and the higher price of last week, because it is more precise for applying Fibonacci levels. The Fibonacci retracement levels are used to determine accurate psychological levels of support and resistance, so take decisions according to this kind of period. Moreover, we use historic prices to determine future prices.
This image is no longer relevant

Forecast:

It should be noted that the market was stable and the trend was also clear (downward) last week. Therefore, the market will probably indicate a bearish opportunity on level of 1.3030. And according to the previous events, the price has still been trapped between 1.3025 and 1.2974. Thenceforward, below 1.3030 (38.2% of Fibonacci retracement levels) look for further downside with 1.2953 and 1.2930 targets. However, stop loss should be placed above 1.3070.

If you have any questions or requests, please feel free to contact me: [email protected].

Summary
Urgency
Analytic
Mourad El Keddani
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $6000 more!
    In December we raffle $6000 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
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback