Forex Analysis

Forecast Forex market on 02/08/2013

Hello, below you can find the trade recommendations on 02/08/2013.


EURUSD still continued downward movement to the level of 1.33890, 1.34792 hit on the way.After a sharp fall is likely to roll back to the level of 1.34792, and a continuation of the downward movement.Alternative scenario: The end of the correction, and the resumption of the upward movement.


GBPUSD closed today at the border triangle formed on the weekly chart.For pin-bar can not be considered given the candle, but a long tail, said the probable strength of the bears.You can try to go to the sale pending order just below 1.56252.Alternative scenario: The upward movement in a correction or an attempt at breaking the trend is up.


EURGBP has decided to withdraw from the flat to the south.Immediate support for the end of the correction of 0.84919.Next support and aim for sales of 0.84014.


EURJPY failed to break the level of 127,667, and went bouncing into the correction.The nearest support le

vel of 123,301, it is possible to continue on the upward movement.