Forex: Technical analysis EUR/USD 07/02/13.

News background:
The market expects the ECB's rate decision and attempts to identify what M. Draghi will say about political issues in Spain and Italy. If he says something negative, it certainly would put pressure on the euro.

Technical picture:
From a technical point of view, a pair remains in a sideways trend. Price above the EMA 5 and EMA 21 and is located at the upper border of the Bollinger Bands.
Oscillator Stoch. and RSI indicator indicate the probability of a pair of local growth and the continuation of the upward movement.



Trading recommendations. Sell ​​locally couple if Draghi will express a negative opinion about the situation in Europe with a local to 1.3425.
 
Technical analyst at Forex Bulygina Marina
Analytical department of Grand Capital


* Recommendations listed in this article, can not serve as a basis for direct action.