empty
 
 
03.02.2014 05:19 AM
Technical analysis of EUR/USD for February 03, 2014

EUR/USD has broken the seven-month raising lower trend line. Oscillators gave a negative divergence indication. We recommended selling at the level of 1.3655 in our previous report dated January 29, 2014. Yesterday's low was very crucial in coming trading session. Due to oversold zones we could expect a pullback of the price, cmp 1.3484. A break below 1.3480 will show next support at the levels of 1.3460 and 1.3400. Bulls can be comfortable with recovery only if the area of 1.3479/1.3480 holds. I hope it holds for today, let us see if this can be real.

Support: 1.3480.

Resistance: 1.35, 1.3524, 1.3574.

This image is no longer relevant

This image is no longer relevant

The previous chart

This image is no longer relevant
InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
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 $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

Recommended Stories

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