FX.co ★ EUR/USD weekly technical levels for August 26-30, 2013

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