Weekly technical levels:
Forecast:
The first weekly resistance will be formed at a strong level for short selling of 1.5416 (it should be noted that the level of 1.5452 is going to form a peak level this week because it was the top point of last week, therefore it could form a double top) with the first target of 1.5327 (the weekly pivot point for April 15-19, 2013), it might resume to 1.5240. A stop loss should be placed above resistance at 1.55.
Important levels for April 15-19, 2013:
Projected High: 1.5575
Projected Low: 1.5103
If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.
