EUR/USD Analysis-June 13,2011
Monday, 13 June 2011 04:19
Forex EUR/USD Intraday Analysis - June 13, 2011: Testing Level 1.4220
Yesterday: Open 1.4512 High 1.4550 Low 1.4322 Close 1.4350
Yesterday, the Euro since the movement to penetrate the diagonal trend lines that play a role as well as the level of the break line for a double top pattern of the Euro freefall past the first support level at 1.4450 and even experienced a continuation of about 40 pips from the second support level at 1.4373.
Currently, the Euro is still trying to look bullish.
The focus of today's economic data for the EUR / USD is EUR Italian Industrial Production m / m in at 15:00 pm.
If the increase continues a trend line through the diagonal then the price of open opportunities to the 1.4488 resistance level.
Conversely if the decline continues, the price of open opportunities to the 1.4220 level.
Prices shown on the graph H1 line MA05 and MA10 conditions intersect.
While the Stochastic indicator indicating a bearish conditions there are still opportunities.