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16.09.201316:24 Forex Analysis & Reviews: EUR/USD weekly technical levels for September 16 - 20, 2013

Long-term review
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Weekly technical levels:

 
Exchange Rates 16.09.2013 analysis
Exchange Rates 16.09.2013 analysis
Intraday trading recommendations
EUR/USD
  • According to the previous events, the price has still been trapped between 1.3350 and 1.3200. 
  • The level of 1.3262 will indicate strong support. Moreover, the price will form a double bottom at this level (1.3255). 
  • Therefore, it will be wise to buy at 1.3262 with the first target at 1.3360 (the weekly resistance 1), then it will continue towards 1.34120.
  • The stop loss should be placed below 1.3205.
 
Mourad El Keddani
Analytical expert of InstaForex
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