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FOREX: Technical analysis 13.11.12

13.11.2012

Market Review

EUR / USD

News background:

The pair continues to remain under pressure as the positive news from Greece is not able to maintain it on speculation about the possibility of "fiscal cliff" in the United States. It seems that the pair will remain under pressure locally.

Technical picture:

There is a possibility of its local drop to the level of 1.2635. Currently, the pair is below the center line and lower boundaries Bollinger EMA 5 and 21.

LED Stoch. indicates oversold. RSI indicates a weakening of its reduction.

Trading recommendations. Sell a couple of short-term, if it does not overcome the level of 1.2700 with a likely target 1.2635.

Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital

Author: admin

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