Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
Trading recommendations:
- The price of the EUR/USD pair has still bben trapped between 1.2773 and 1.2700. The level of 1.2775 will indicate strong resistance; moreover, the price will form a double top at this level. Therefore, it will be quite profitable to sell at 1.2775 again (short term) with the first target at 1.2733, then it will continue towards 1.2680. Also, it should be noted that a strong support has placed at 1.2668 in the H1 chart. On the other hand, if the price closes above the resistance then the best location for placing a stop loss should be above 1.2790. In addition, please be aware that the trend has broken the weekly support 1 and 2, for that it calls for a bearish market. Equally important is that the RSI and the Moving Average (100) are still calling for a downtrend.
Intraday technical levels:
Date and Time:25/09/2014 11:41
Pair:EUR/USD
- R3: 1.2914
- R2: 1.2884
- R1: 1.2832
- PP: 1.2802
- S1: 1.2750
- S2: 1.2720
- S3: 1.2668
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
Stay 
