empty
 
 
09.08.2012 10:02 AM
EUR/USD Intraday Technical Analysis

This image is no longer relevant
 

A new short term bearish channel has been formed this week. The spot rate broke the intermediate resistance of this one at 1.2370 leading to an acceleration. A pull back at these levels is expected before reaching the upper limit of the channel at 1.2440. An output of this channel would free a large potential and initiate a new trend.

Technical indicators provide buy signals supporting the assumption of a pull back. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement. Moreover we can see lower volumes due to summer holidays raising fears of false signals.

For the moment the spot rate evolves in its channel then the potential of rise is limited. We recommend a buy at the levels of 1.2370 with the 1st objective at 1.2430. But when there will be an output of this channel the potential will greatly increase.

InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2026
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $10000 mais!
    Em Janeiro nós sorteamos $10000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback