FX.co ★ EUR/USD technical analysis for February 18, 2013

DESCRIPTION:

This currency still has a good and healthy bearish momentum which has already been indicated by all the three Moving Averages forming "Death Cross" Pattern and today the EUR/USD pair must touch its target at 1.3275. If it cannot touch this, it will be the indication of the decreasing of the Bearish Momentum for this pair.

Recommendation:

SELL stop (pending order) at 1.3294.
Take profit 1 at 1.3261.
Take profit 2 at 1.3209 (optional).
Stop loss at 1.3348.
Or
BUY stop (pending order) at 1.3383.
Take profit 1 at 1.3410.
Take profit 2 at 1.3453 (optional).
Stop loss at 1.3340.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com

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