Home About the company Daily reviews FOREX: Technical analysis 09.01.13

FOREX: Technical analysis 09.01.13

09.01.2013

Market Review

EUR / USD

News background:

The pair continues to consolidate after a sharp dip at the beginning of the year against the background of Obama's decision to postpone the execution of the Republicans and raising taxes on another 2 months. Uncertainty affects the couple. This week will meet the ECB's monetary policy, and if the rhetoric Draghi is optimistic it can locally support the couple.

Technical picture:

From a technical point of view, a pair remains in sideways. Price above the EMA 5, but below the EMA 21 and is located at the top of the Bollinger Bands.

Oscillator Stoch. indicates the possibility of a reversal pair up. The RSI shows the continued growth of the pair.

Trading recommendations. Buy a pair if she will grow above 1.3100 to 1.3185 with a local.

Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital

Author: admin

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