Trading recommendations:
EUR/USD: According to the previous events, the price of the EUR/USD pair is still between the levels of 1.3530 and 1.3473. Moreover, it should be noted that the market was so stable and the trend was also too clear (upward). Similarly, the range was around 80 pips last week. Additionally, the value of 61.8% Fibonacci retracement levels is 1.3476 for that the key level of 1.3476 is represented for an uptrend to confirm the bullish market. Therefore, buy deals are recommended above the 1.3470 level with targets at 1.3520 and it will resume towards 1.3621 in order to test the weekly resistance 1. However, the descending movement will probably be lower than the 1.3658 level (it will form a double top) with the first targets at 1.3570 and 1.3380 for long term.
Intraday technical levels:
Date & Time: 26/09/2013 13:39
Pair: EUR/USD
Projected High: 1.3661
Breakout (Buy Stop): 1.3606
Strong Resistance (Sell Limit): 1.3576
Current Pivot: 1.3509
Strong Support (Buy Limit): 1.3441
Breakout (Sell Stop): 1.3416
Projected Low: 1.3366
