FX.co ★ EUR/USD technical analysis for February 12, 2013

DESCRIPTION:

After the 1.3475 breach few days ago, this currency pair now has a new target at 1.3275, but 1.3350 seems to have provided a strong resistance. Now there is a probability that the EUR/USD will retest the 1.3475 level, before it goes down again if it breaks 1.3425.

Recommendation:

Buy stop (pending order) at 1.3433.

Take profit 1 at 1.3459.

Take profit 2 at 1.3499 (optional).

Stop loss at 1.3394.

Or

Sell stop (pending order) at 1.3375.

Take profit 1 at 1.3358.

Take profit 2 at 1.3330 (optional).

Stop loss at 1.3403.

Best regards,

Arief Makmur

Official Analyst of InstaForex Companies Group

InstaForex Companies Group

https://instaforex.com

Email : Arief.jakarta@indo.instaforex.com

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