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30.03.2012 02:33 PM
EUR/USD Intraday Technical Analysis and Trading Recommendations for March 30, 2012

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According to the EUR/USD pair Linear Regression Channel 1H Chart presents:

Having reached the lower limit of the Yellow & Violet channels at 1.3250 yesterday, the EUR/USD pair moved upwards and made a clear bullish breakout outside the Yellow & Blue channels.
Thus,  a bullish signal was provided affecting the ongoing bearish domination during this week rendering the backside of the broken limit at 1.3310 a valid BUY entry.
TP is to be located at 1.3375, 1.3440 & 1.3475.
SL is to be placed below 1.3248.
 

 

Summary
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Mohamed Samy
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