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EUR/USD to reach 1.2837 in 13 hours

Wed, May 22 2013, 06:16 GMT

Daily Forex Update: Technical RSS | by Ilan Azbel (Autochartist)

EUR/USD continues to decline in line with the following trade alert that I received today for this pair. The price is set to fall to the target level 1.2837 (the hourly Key Support Level, of the type Approach, which was recently identified by Autochartist) in the next 13 hours. EUR/USD earlier bounced up from the support zone near the support level 1.2750 (which reversed the pair strongly up at the start of April). The upward correction from 1.2750 quickly lost its momentum – as it was against

EURGBP –Bearish Bias – Looking to Sell at .8544 stop at .8570

Wed, May 22 2013, 05:51 GMT

Daily Forex Call RSS | by Ian Coleman (First4Trading)

EURGBP- Selling at the ‘right shoulder’ proved an incorrect call yesterday with buying pressure resulting in EURGBP posting the most positive daily performance in 2 months. This bullish momentum has continued overnight with the cross trading to the highest level in 19 (trading) days. Although this is clearly bullish for sentiment, we have the daily channel resistance at .8535, 61.8% pullback level at .8544 and Cloud Cover at .8560. In view of these facts and with intraday signals overbought,

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