Forex Analysis

Forex forecast on 31.01.2013

Hello, below you can read the recommendations for trading on 31.01.2013


Price came to the strong level of 0.90949.Further developments: the level extends to the descending channel, or the beginning of a correction in the area of ​​0.91707.Sales recommended to close or transfer to B \ Y (breakeven).Shopping is not recommended to be considered asmajor price movement downwards.


Today, the price bounced back to the level of 1.00448, giving the opportunity to go to the sale to those who did not have time to do it before.The next target for sales 0.99697.not recommended to consider buying.


After a long upward movement in the price of rested resistance level of 0.86104.Bulls should consider closing all or part of the profits.Perhaps the beginning of a correction.


Bulls managed to gain a foothold above the last local High.We continue to move in a northerly direction with the immediate goal of 127,160.Sales is not recommended to treat.


Price failed to pass the previous maximum.Likely developments: continued upward movement to the level of 92,127.Either we continue the sideways movement.

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