EURUSD – Analysis and Forex Trading Signals – 13 May 2014

EURUSD – Analysis and Forex Trading Signals – 13 May 2014

Analysis:

EURUSD could not retraced back as expected but consolidated for 2 days to trade within small range of 1.3745 – 1.3776. Finally EURUSD has broken 1.37450 to continue its downtrend as expected after Economic sentiment data from Germany missed expectation.

EURUSD currently tested 1.37 and it is likely that this support level will be broken soon.

1.3670 will be a good zone to wait for buy signals. This is for counter trend and more risky.

Screenshot 2014-05-13 17.34.11

Forex Trading Signals:

Resistant zone:

+1.3970 – 1.400

+1.390

+1.380 – 1.386

Support zone:

+ 1.370

+ 1.366 – 1.376

+ 1.3566

+ 1.3476

Forex Signals 247.

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