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Technical Analysis
Technical analysis on EU,GU and majors
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[QUOTE="bhanu545, post: 26616, member: 7126"] [b]EUR/USD Intraday Technical Analysis 2012-03-14[/b] [IMG]http://forex-images.instaforex.com/userfiles/20120314/eurusd.png[/IMG] The spot rate is currently testing the intermediate support of its medium term bearish channel at 1.3030 suggesting a rebound. However, a break of these levels will cause a decline to the lower limit of this one to 1.2940. Technical indicators do not provide clear signals, but until support is not broken, the assumption of a rebound is most likely. Bollinger bands are much discarded to a result of the strong decline of these days. Stabilization is expected in the short term. According to previous events, the market indicates a bullish opportunity at the levels of 1.3030 with the 1st objective of 1.3090, then of 1.3120. A break through 1.3010 will invalidate this scenario. Performed by Albert Fitoussi, Analytical expert InstaForex Companies Group © 2007-2012 [/QUOTE]
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