EUR/USD technical analysis for February 13, 2013
The EUR/USD already opened above the Exponential Moving Average periods (14), (34); and (100). However the Exponential Movinga Average period (100) is still between the Exponential Moving Average periods (14) and (34); all this indicates that this currency pair already broken out of a bearish mode, especialy when it breached the resistance of 1.3425 yesterday for the first time, but the uptrend momentum is not mature.
Buy stop (pending order) at 1.3461.
Take profit 1 at 1.3468.
Take profit 2 at 1.3480 (optional).
Stop loss at 1.3449.
Sell stop (pending order) at 1.3435.
Take profit 1 at 1.3422.
Take profit 2 at 1.3400 (optional).
Stop loss at 1.3458.
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
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