empty
 
 
01.05.2012 06:25 PM
EUR/USD Around Bearish Trendline - May 01, 2012 (Daily Strategy)

This image is no longer relevant

The EUR/USD pair is about to reach 1.32. It is necessary to consider the speech of ECB president Mario Draghi announced the monetary policy of the state on Thursday. This may be decisive for the future of the Euro.

In technical terms the euro is trading far below the downtrend line, but according to Momentum indicators and Range provides the bearish signals and a possible imminent correcion. On the other hand if the euro would break the downtrend line and the negotiation of today closed above the 1.3280 level. This fact points that the euro continued its upward trend to 1.3370; therefore selling is recommended at 1.3240 level.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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 $8000 more!
    In March we raffle $8000 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