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Technical analysis of the EUR/USD pair on March 1st, 2012
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#1 ⇑ Haut ⇑ 01-03-2012 09:27:03
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Technical analysis of the EUR/USD pair on March 1st, 2012
Commentary of the EUR/USD pair :
After a double top below 1.35, the pair EUR/USD felt yesterday below 1.34.
The pair continues to move into its bullish channel (purple lines) and is going to test the next support at 1.33.
Indicators are mitigated.
We stay neutral on the pair between 1.33 and 1.34.
We advise to wait an exit of this range to take position:
- Long above 1.34. The breakout of 1.35 will give a new buy signal
- Short below 1.33. The breakout of 1.32 will give a new sell signal.
After a double top below 1.35, the pair EUR/USD felt yesterday below 1.34.
The pair continues to move into its bullish channel (purple lines) and is going to test the next support at 1.33.
Indicators are mitigated.
We stay neutral on the pair between 1.33 and 1.34.
We advise to wait an exit of this range to take position:
- Long above 1.34. The breakout of 1.35 will give a new buy signal
- Short below 1.33. The breakout of 1.32 will give a new sell signal.
Index » Forex-Tribe Daily Technical analysis »
Technical analysis of the EUR/USD pair on March 1st, 2012
Pages: 1