best technical analysis website of EUR/USD February 19, 2014 EUR/USD Technical Analysis

We are expecting, in absence of any strong economic news, an upward trend towards first resistance line in presence of strong bullish trend and related green indicators. Each and every resistance line will be the deciding point where struggle to get control over the price between bulls and bears will be at peak because

Trading Recommendation:

It is recommended to remain long in this pair until EUR/USD is above initial support line, otherwise take short position in this pair.

Support and Resistance Levels:                

R2:          1.3902                                                  

R1:          1.3808

S1:          1.3750

S2:          1.3656

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