EUR/USD weekly technical levels for September 2 - 6, 2013

Weekly technical levels:

Intraday trading recommendations:

EUR/USD:

According to previous events, the price has still been trapped between 1.3250 and 1.3200. The level of 1.3175 will indicate strong support. Moreover, the price will form a double bottom at this level (1.3175). Therefore, it will be wise to buy at 1.3175 with the first target at 1.3266 (the weekly pivot point), then it will continue towards 1.3350. The stop loss should be placed below 1.3103.