Wednesday, March 31, 2010

Forex Signal (EUR/USD)

This afternoon, it's rather difficult to predict the EUR / USD after breakhigh in the range of 1.356. Sideway phase begins waiting fundamental news from Germany a few moments, both technical 4H shows a fairly bullish, right but the weekly chart, as well as a monthly show which is also a strong bearish. My prediction, if Germany Retail Sales (Feb), according to forecasts or even positive, then the EUR / USD bullish going back at least to 1.355, whereas if the results are disappointing EUR / USD bearish going directly to the range at least 1346, after the New York session begins later, and then later news from the U.S. about the unemployment data is good, it will be bearish in the range of 1344, whereas if bad news from the U.S., which means unemployment data does not match the prediction, the EUR will be back to try bullish until 1.357 or even 1.358
Pivot
R-4 1.3837
R-3 1.3741
R-2 1.3644
R-1 1.3577
Pivot 1.3480
S-1 1.3413
S-2 1.3316
S-3 1.3249
S-4 1.3181
My Recommendations
BUY@1.3517 SL@1.3492 TP@1.3552 TP2@1.3577
SELL@1.3495 SL@1.3517 TP@1.3475 TP22@1.3442

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