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29.03.2012 03:43 PM
EUR/USD Intraday Technical Analysis and Trading Recommendations for March 29, 2012

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According to the EUR/USD Linear Regression Channel 1H Chart presents:
The EUR/USD currency pair has been trending upwards. However, during the last two days the pair is more or less moving sideways.
Yesterday's EUR/USD price movement was quite weak which remained within the narrow-ranged bearish Violet and Blue channels depicted on the chart.
Today we are looking forward for a bullish breakout above the upper limit of the violet channel at 1.3350 which is a bullish signal to resume the bullish trend towards 1.3385, 1.3430 and 1.3475.
Price level 1.3270 corresponds to the lower limit of the all depicted channels giving a good BUY entry with SL to be placed below 1.3215.
Bullish breakout above 1.3350 is also a BUY entry but with higher risk/reward ratio.
TP will be located at 1.3385, 1.3430 and 1.3475.
Significant Bearish reaction towards 1.3350 gives early warning that the bullish domination is fading away.

 

Ringkasan
Urgensi
Analitik
Mohamed Samy
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