4H Graphs Weekly EUR/USD Forecast

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4H Graphs Weekly EUR/USD Forecast

Mon, Jan 30 2012, 09:51 GMT
by Anton Kolganov | ForexMillion

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The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.3230, which will be followed by reaching resistance level 1.3345 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.3520.

An downtrend will start as soon as the pair drops below support level 1.3120, which will be followed by moving down to support level 1.2980.

Resistances: 1.3230, 1.4435, 1.3520
Supports: 1.3120, 1.2980, 1.2890

Published On Mon, Jan 30 2012, 09:52 GMT Previous entries

Anton Kolganov

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He started to study FOREX market in 2003. Since 2007, he started to offer analytical forecasts for the major currency pairs and for gold prices in order to better understand the market and to assist to traders to identify the main key market levels.

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