Weekly technical levels:
Forecast:
The first weekly resistance will be formed at a strong level for short selling at the level of 1.5452 (it should be noted that the level of 1.5452 is going to form a peak level for this week) with the first target of 1.5242 (the weekly pivot point for April 8 -12, 2013), it might resume to 1.5200. A stop loss should be placed above resistance at 1.5505.
Important levels for April 8 - 12, 2013:
Projected High: 1.5758
Breakout (Buy Stop): 1.5703
Strong Resistance (Sell Limit): 1.5673
Strong Support (Buy Limit): 1.4710
Breakout (Sell Stop): 1.4685
Projected Low: 1.4635
If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.
