Forex Analysis

Forex Market Overview on 02/05/2013

Hello, I have a few recommendations for trading on 5.02.2013


EURUSD beginning of the correction of the level of 1.36573.Likely levels which continue to correction: 1.34792 and 1.33890.For shopping it is recommended to wait for confirmation in the form of Price Action Patterns.Sales to consider carefully, becausethe trend is up and talk about the change of the trend early.


EURGBP formed inner bar on the level of resistance and the border of the channel formed on the monthly chart.Sales recommended to consider carefully, becausethe trend is up and it is possible correction, talk about the change of the trend early.From shopping should refrain in mind the proximity of resistance level and the channel.


far from the resistance level formed a pattern of inner bar.Chance of a correction in the area of ​​123,301 level and the continuation of the upward movement.Alternative scenario: continue uptrend and try to pass the level 127,667.


Today, the price fell ba

ck to a broken resistance level of 92,180 previously.Next we can expect a continuation of the upward movement to 94,813.Sales is not recommended to treat.Alternative scenario: the level of 92,180 Hike and correction of the area 91,189.