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FX.co ★ EUR/USD weekly technical levels for September 16 - 20, 2013

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Forex Analysis:::2013-09-16T13:24:16

EUR/USD weekly technical levels for September 16 - 20, 2013

Weekly technical levels:

EUR/USD weekly technical levels for September 16 - 20, 2013EUR/USD weekly technical levels for September 16 - 20, 2013

Intraday trading recommendations:

EUR/USD:

  • According to the previous events, the price has still been trapped between 1.3350 and 1.3200.
  • The level of 1.3262 will indicate strong support. Moreover, the price will form a double bottom at this level (1.3255).
  • Therefore, it will be wise to buy at 1.3262 with the first target at 1.3360 (the weekly resistance 1), then it will continue towards 1.34120.
  • The stop loss should be placed below 1.3205.

Analyst InstaForex
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