EUR/USD -

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.
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

14.06.13

Short Term trend: Bearish Intraday Bias: Bearsih Gold has been trapped within a very narrow range this week and seems that the market is preparing for a huge move over upcoming sessions. RSI 14 remains stable below the value of 50.00, suggesting potential downside movements. A break below 1466.00-FE 38.2%- of the above seen wave to confirm our bearish scenario. On the upside, only a break above 1425.00 will negate. ** Short term (Less than three months) ** Chart is based on GMT+2 timing Notes:  *if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.
Support	1380.00	1373.00	1366.00	1363.00	1360.00
Resistance	1395.00	1400.00	1414.00	1425.00	1437.00
Recommendation	Based on the chart and explanations above, sell gold below 1400.00 targeting 1330.00 and stop loss above 1425.00 could be appropriate