Weekly technical levels of the EUR/USD pair.
Trading recommendations :
- According to the previous events, the price of EUR/USD pair has still been moving between 1.3490 and 1.3350.
- The support has already set at the price of 1.3350 and the double bottom will be placed at the 1.3331 price.
- Buy above the level of 1.3335/1.3350 with the first target of 1.3390 in order to test the weekly pivot point; it might resume to 1.3430.
- Also, it should be noted that the resistance sets at 1.3450.
- Therefore, below the level of 1.3450, look for further downside with the 1.3400 and 1.3366 targets.
Comment :
- The weekly pivot point sets at 1.3398 could hit the moving average (50).
- Stop loss should never exceed your maximum exposure amounts.
- As a rule, the market is highly volatile (133.81) if the previous day had a huge volatility.
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on market trends you may visit via Weekly technical levels of EUR/USD for August 11-15, 2014 . Thanks for your support on Weekly technical levels of EUR/USD for August 11-15, 2014
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