Weekly technical levels:
Signal:
The first weekly resistance will be formed at a strong level for short selling at the level of 1.2994 (it should be noted that the level of 1.3047 is going to form a double top) with the first target of 1.2878 (the weekly pivot point for April 1-5, 2013), it might resume to 1.2700.
A stop loss should be placed above resistance at 1.3080.
If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.
