News Date: 14/6/2013 06:03:41
Despite the negative pressures the pair witnessed yesterday, we find it stable above 1.3340 levels represented in 61.8% correction shown on graph. Stability above 1.3340 keeps our expectations positive,as we think the pair might face a bullish wave today. The pair is targeting 1.3505 levels for a start, and stability above 1.3225 keeps these expectations during the upcoming period.
The trading range for today is among the key support at 1.3225 and key resistance at 1.3505.
The general trend over short term basis is to the upside targeting 1.3600 as far as areas of 1.2970 remains intact.
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| Support | 1.3340 | 1.3310 | 1.3270 | 1.3225 | 1.3170 |
| Resistance | 1.3385 | 1.3440 | 1.3485 | 1.3505 | 1.3545 |
| Recommendation |
Based on the charts and explanations above, our opinion is buying the pair above 1.3340 targeting 1.3385, 1.3440 then 1.3505 and stop-loss with four-hour closing below 1.3270 might be appropriate
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