Weekly technical levels:
Intraday trading recommendations:
EUR/USD: According to previous events, the price has still been trapped between 1.3350 and 1.3380. The level of 1.3297 will indicate strong support. Moreover, the price will form a double bottom at this level. Therefore, it will be wise to buy at 1.3297 with the first target at 1.3376 (the weekly pivot point), then it will continue towards 1.3415. And the stop loss should be placed below 1.3222.
Weekly technical levels:
Date:26/08/2013
Pair:EUR/USD
Projected High:1.3690
Breakout (Buy Stop):1.3635
Strong Resistance (Sell Limit):1.3605
Weekly Pivot:1.3376
Strong Support (Buy Limit):1.3143
Breakout (Sell Stop):1.3118
Projected Low:1.3068