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Old 12th March 2010, 10:21
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alessio09 alessio09 is offline
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Default Sideway Trading in Euro

EUR/USD

The estimated test of key supports has not accurately been confirmed, the estimated rate rise revealed signs of rate overbought not favoring prospects of further rate rise with new tops for this month. Therefore, at this point, considering the chosen strategy, we can assume probability of rate return to Senkou Span B line of Ichimoku indicator at 1,3640/60, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 1,3700/20, 1,3740/60 and (or) further break-out variant up to 1,3800/20, 1,3860/80. The alternative for sales will be below 1,3540 with the targets of 1,3480/1,3500, 1,3420/40.
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