FX.co ★ EUR/USD Technical Analysis for February 22, 2013

DESCRIPTION:

The EUR/USD still continues its bearish movement, this already confirmed by all three Moving Averages still pointing to the downside and all threee Moving Averages of the "Death Cross" formation pattern. However, please pay attention to the 1.3250, if today this currency pacan touch this level, they will hold the Bearish momentum.

Recommendation:

SELL Stop (Pending Order) @ 1.3150.

Take Profit. 1 @ 1.3122.

Take Profit. 2 @ 1.3077 (Optional).

Stop Loss @ 1.3196.

Alternative:

BUY Stop (Pending Order) @ 1.3199.

Take Profit. 1 @ 1.3212.

Take Profit. 2 @ 1.3234 (Optional).

Stop Loss @ 1.3178.

Best regards,

Arief Makmur

Official Analyst of InstaForex Companies Group

InstaForex Companies Group

https://instaforex.com

Email : Arief.jakarta@indo.instaforex.com

Blog : blog.mt5.com/arief

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