Technical analysis of EUR/USD for February 13, 2014

Symbol Bid Ask EURUSD GBPUSD USDJPY USDCHF USDCAD EURJPY EURCHF GBPJPY GBPCHF GOLD Real time market quotes Live help onlineClick here Reviews by InstaForex trader InstaForex social responsibility Suggestions of Instaforex customers Read more Technical analysis of EUR/USD for February 13, 2014 2014-02-13 Show full picture Intraday technical levels: R3: 1.3734 R2: 1.3693 R1: 1.3643 PP: 1.3602 S1: 1.3552 S2: 1.3511 S3: 1.3461 Trading recommendations: The market opened below the daily resistance today. Also, it should be noted that the resistance is set at the level of 1.3734 as strong level on February 13-14, 2014. Additionally, the EUR/USD pair hit the past weekly resistance and also reached the weekly pivot point yesterday. Hence, the trend was downward and the range seemed extensive up to 91 pips. According to the previous events, the price of EUR/USD pair has still…

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Intraday technical levels :

• R3: 1.3734


• R2: 1.3693


• R1: 1.3643


• PP: 1.3602


• S1: 1.3552


• S2: 1.3511


• S3: 1.3461

Trading recommendations :

• The market opened below the daily resistance today. Also, it should be noted that the resistance is set at the level of 1.3734 as strong level on February 13-14, 2014. Additionally, the EUR/USD pair hit the past weekly resistance and also reached the weekly pivot point yesterday. Hence, the trend was downward and the range seemed extensive up to 91 pips. According to the previous events, the price of EUR/USD pair has still been trapped between the level of 1.3644 and the 1.3580 level. Therefore, it will be advantageous to sell at the price of 1.3693 (daily resistance 2) with the first target at 1.3650. It may resume to 1.3603 if the price is able to break 1.3650. Notwithstanding, stop loss should always be in account, accordingly, it will be of beneficial to set the stop loss above the daily resistance 3 at the price of 1.3760.

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Technical analysis of EUR/USD for February 13, 2014

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