Daily Technical Stategist On EURUSD

Document Sample
Daily Technical Stategist On EURUSD Powered By Docstoc
					    Monday, 03th of Sept, 2012                                  FXTechstrategy Team

                               EURUSD: Bull Pressure Sets Up For
                               1.2672/1.2748 Levels.

                               EURUSD: EURUSD: Having continued to maintain
                               its recovery strength, EUR looks to build up on
                               further gains in the new week. As long as it holds
                               and trades above the 1.2442 level, the risk is for
                               it to recapture the 1.2634/72 levels. A breach will
                               aim at the 1.2748 level where a breather may
                               occur and turn the pair back lower. However, if
                               this fails to occur, expect the pair to strengthen
                               further towards the 1.2824 level. Its weekly RSI is
                               bullish and pointing higher supporting this view.
                               The alternative scenario will be for the pair to
                               return to the 1.2442 level. A reversal of roles as
                               support is likely here but if that fails to occur the
                               pair could weaken further towards the 1.2239
                               level. A clearance of here will set the stage for a
                               move lower towards the 1.2132/17 levels. Further
                               down, support stands at the 1.2040 level. All in
                               all, EUR continues to face upside recovery threats.

                               To read the full version of this 7 model
                               currency analysis click here FXT Technical
                               Strategist Plus

       Providing Balanced Independent Research
This report is prepared solely for information and data purposes. Opinions, estimates and projections
contained herein are those of own as of the date hereof and are subject to
change without notice. The information and opinions contained herein have been compiled or arrived
at from sources believed to be reliable but no representation or warranty, express or implied, is made
as to their accuracy or completeness and neither the information nor the forecast shall be taken as a
representation for which incurs any responsibility. does not
accept any liability whatsoever for any loss arising from any use of this report or its contents. This
report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies
referred to in this report. Click here for full disclaimer


Description: EURUSD: Having continued to maintain its recovery strength, EUR looks to build up on further gains in the new week.
fxtechstrategyteam fxtechstrategyteam
About Since 2007, FXTechstrategy has provided powerful range of forex technical research products and research tools to help traders make objective, smart and unbiased trading decisions.