Technical Analysis: EUR/USD 2012.05.14

May 14, 2012 12:01

The pair is trading below 1.3000, so the risks are on the downside, and we look for further declines towards the 1.2625 low. Only a break back above 1.3000 could trigger a rebound towards the 1.3110-1.3150 resistance area, right where the 100-Day SMA and the 50-Day SMA reside, with a break above to continue gains towards the 200-Day SMA by 1.3410. Edward Smith, technical analyst of company Admiral Markets. At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.

Admirals An all-in-one solution for spending, investing, and managing your money

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.