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EUR/USD weekly technical levels for May 27-31, 2013
http://forex-images.instaforex.com/u...6/eurusdh1.png
Intraday trading recommendations:
According to previous events, the price has still been trapped between 1.2960 and 1.2890.
Below 1.3015 look for further downside with 1.2915 (the weekly pivot point) and 1.2850 targets.
Stop loss should be placed at 1.3070.
Please check out the market volatility before investing, because the sight price may have already been reached and scenarios might have become invalidate.
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EUR/JPY technical analysis for May 28, 2013
http://forex-images.instaforex.com/u.../%21EURJPY.jpg
RECOMMENDATION:
BUY Stop (Pending Order) at 131.76.
Stop Loss at 131.66.
Take Profit at 131.90.
Alternative:
SELL Stop (Pending Order) at 131.24.
Stop Loss at 131.34.
Take Profit at 131.10.
More analysis - at instaforex.com
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EUR/JPY technical analysis for May 29, 2013
http://forex-images.instaforex.com/u.../%21EURJPY.jpg
RECOMMENDATION:
Sell stop (pending order) at 130.99.
Stop loss at 131.09.
Take profit at 130.85.
Alternative:
Buy stop (pending order) at 131.76.
Stop loss at 131.66.
Take profit at 131.90.
More analysis - at instaforex.com
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EUR/JPY technical analysis for May 30, 2013
http://forex-images.instaforex.com/u.../%21EURJPY.jpg
RECOMMENDATION:
Buy stop (pending order) at 131.51.
Stop loss at 131.41.
Take profit at 131.65
Alternative:
Sell stop (pending order) at 130.74.
Stop loss at 130.84.
Take profit at 130.60.
More analysis - at instaforex.com
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EUR/JPY technical analysis for May 31, 2013
http://forex-images.instaforex.com/u.../%21EURJPY.jpg
RECOMMENDATION:
Buy stop (pending order) at 132.01.
Stop loss at 131.91.
Take profit at 132.15.
Alternative:
Sell stop (pending order) at 131.49
Stop loss at 131.59.
Take profit at 131.35.
More analysis - at instaforex.com
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EUR/JPY technical analysis for June 3, 2013
http://forex-images.instaforex.com/u.../%21EURJPY.jpg
RECOMMENDATION:
SELL Stop (Pending Order) is at 130.74.
Take Profit is at 130.60
Stop Loss is at 130.84
More analysis - at instaforex.com
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EUR/JPY technical analysis for June 4, 2013
http://forex-images.instaforex.com/u.../%21EURJPY.jpg
RECOMMENDATION:
SELL Stop (Pending Order) is at 129.99. Take Profit is at 129.85.
Stop Loss is at 130.09.
More analysis - at instaforex.com
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EUR/USD: intraday technical analysis for June 5, 2013
Overview:
The EUR/USD pair's support had been broken and it was turned to resistance around the price of 1.3188 for a month. Therefore, the pair has already formed a strong resistance at 1.3188. Moreover, after it could close above 1.3100 and the pair started signing for bullish market, it should also be noted that the price has still been trapped between 161.8% Fibonacci Retracement levels and 100%. As well the RSI and the last strong support (around the double bottom (1.2965) on H1 chart) are still calling for uptrend at this level. Hence, the market indicates a bullish opportunity on level of 1.2965 on the H1 chart with the first target of 1.3053 and continues towards 1.3093 above the weekly pivot point. However, in case reversal takes place and the EUR/USD pair breaks through the support level of 1.3012, the market will lead to futher decline to 1.2960.
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EUR/JPY Elliott Wave analysis for June 6, 2013
http://forex-images.instaforex.com/u...06/EUR-JPY.png
Today's support and resistance levels:
R3: 130.65
R2: 130.31
R1: 130.06
Current spot: 129.94
S1: 129.42
S2: 128.80
S3: 128.05
Technical overview:
We have seen a slight break below support at 129.46, but we are looking for even more acceleration towards the downside, as a possible wave iii of C is progressing for a decline towards at least 128.80 and likely even down to 127.19. In the short term, we would like to see resistance at 130.31 to protect the upside for the next break below 129.42 confirming the next decline towards 128.80. However, even a rally towards 130.65 would not invalidate our bearish call, but we should not break above 130.65 as that would call for a new test of resistance at 131.40 before going down again.
Trading recommendation:
We short EUR from 130.19 with stop placed at 131.45. If you do not have short positions on EUR already, then sell near 130.31 or upon a break below 129.42 with the same stop.
More analysis - at instaforex.com
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EUR/JPY technical analysis for June 7, 2013
http://forex-images.instaforex.com/u.../%21EURJPY.jpg
RECOMMENDATION:
Sell stop (pending order) at 127.99.
Take profit at 127.85.
Stop loss at 128.09.
More analysis - at instaforex.com