Currency Technical Report

Daily Forex Technicals | Written by FX Greece | Feb 13 09 14:24 GMT |

EUR/USD Resistance: 1,2930/ 1,2990-95/ 1,3030/ 1,3075-80/ 1,3110/ 1,3170/ 1,3210/ 1,3260 Support: 1,2840-50/ 1,2800/ 1,2750/ 1,2710-20/ 1,2650. 1,2600/ 1,2550 Comment: Euro's consolidation against the dollar continues, as it moved below the first support levels at 1,2800-10, but the decline was limited below 1,2750 area. Yesterday's false break and the daily candle leave us positive, regarding a rise resumption to the upper part of the consolidation at 1,2990-00 or even 1,3070-00 area. Important support today is found at 1,2820-30 , and it should not be breached in order to see a rise resumption. The consolidation's wider ranges are set at 1,2700-10 and 1,3070-00 area. *STRATEGY: We will try buy orders at the retracements towards 1,2820-40, with stops below 1,2790 and target at 1,2920-30 or 1,2990-00 area… FX Greece DISCLAIMER The details and information included in the above analysis, are part of research based exclusively on currency charts and are of purely instructional and educational nature. None of the information featuring in the analysis can be considered as an invitation for opening positions in FOREX market or in the market of forward contracts or any securities listed on an organized or unorganized market. We assume no responsibility for any kind of losses ,profits or property loss resulting, in whole or in part, from acts that are based either directly or indirectly on the processing or the use of information, details and strategies, the reader may find in the analysis. The readers hold full responsibility for the use and the results of their actions. The recipients of the analysis must acknowledge and accept that investment choices of any kind, especially concerning the FOREX market, contain risks (high, low and occasionally zero) of reduction or even loss of their investment. Therefore, they should always be cautious prior to any kind of action. We reserve the right to change the terms and the characteristics of the analysis. The contents of the analysis are solely intended for personal use. They may not be retransmitted, reproduced, distributed, published, adapted, modified or assigned to third parties in any way whatsoever. Anyone having access to them is required to comply with the law provisions on the protection of third party intellectual property rights.