Tuesday, February 21, 2012

EUR-USD Technical Analysis 21 February 2012

There is a sign that EUR-USD might want to break the 1.3311 level as Stochastic and MACD on the weekly time frame are both moving upwards direction. However traders are very cautious on the consequences as the long-term bearish trend is still fresh and strong. So the ideal intermediate direction should be moving side ways. The range of trades is expected to fluctuate within 1.3294 and 1.3051. We will wait and see if there is the unexpected happens.

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