empty
 
 
28.03.2014 09:35 AM
Technical analysis of EUR/USD (Weekly) for March 28, 2014

This image is no longer relevant

Technical outlook and chart setups:

1. The EUR/USD weekly chart view has been presented here for the larger picture and it looks grim at the moment for bulls. The pair has reversed right from the resistance line extending through 2008, from 1.4960 levels last week. As seen here, prices have produced an evening star reversal bearish signal right at the trend line. It is recommended to initiate short positions now (1.3740), risk remains at 1.3960 for now. A huge trend reversal could be on cards.

2. Immediate resistance is at 1.3960, followed by 1.4200 and higher up, while immediate support is at1.3480, followed by 1.33 and lower respectively.

3. The wave structure indicates that if resistance at 1.3960 holds (which is highly probable looking into present setup), bears could possibly drag prices lower into 1.3's and 1.2's again.

Trading recommendations:

Remain short, stop is at 1.3960, target is open.

Good luck!

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback