Hi all,
The EUR/USD prices are still trading within a narrow
range ahead of the Spain debt auctions , and we notice on the chart above the
strong resistance level of 1.3203 which represents the conformity of the moving
300 and 400 with the bottom line of the upward channel at the same level and if it breach down this level , this would
be a signal that the prices will witness a sharp decrease towards the 1.3156
level then to the 1.3105 level and the stochastic indicator confirms this upward movement.
As for the key resistance level it is at 1.3250.
Good luck traders
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter
The EUR/USD prices are still trading within a narrow
range ahead of the Spain debt auctions , and we notice on the chart above the
strong resistance level of 1.3203 which represents the conformity of the moving
300 and 400 with the bottom line of the upward channel at the same level and if it breach down this level , this would
be a signal that the prices will witness a sharp decrease towards the 1.3156
level then to the 1.3105 level and the stochastic indicator confirms this upward movement.
As for the key resistance level it is at 1.3250.
Good luck traders
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter
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