EUR/USD weekly technical levels for March 25-29, 2013

Weekly technical levels:

Use H1 time frame to determine the low and the high price for today, yesterday or the day before yesterday, because it is more precise. The best indicator to use in this case is ZigZag’s indicator. In order to be able to insert ZigZag into your chart, you should follow this way on your MetaTrader 4 or 5, then you can click on the third tap: Insert / Indicators / Custom / ZigZag. It should be noted that the trend was neither stable nor clear in the last three days as the chart showed. Fibonacci in a range trade (it looks like the trend is trapped and going up or down). if you sell or buy for a long term in this period you will go sure for losing your profit.

If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.