EUR/USD Signal- Feb. 15, 2013

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By: DailyForex.com

For the EUR/USD pair, the oblique support that was in place since the beginning of the bullish movement on the RSI is currently in trouble. We also see the crossing of moving averages at 7 to 20 days, which could presage a larger bearish movement with the break of support at 1.3360.
Direction: Sell
Stop-Loss: 1.35
Take-profit: 1.3180

EURUSD Signal 21513

Maxime Parra has been trading since the age of 18, and he is now in charge of technical and fundamental analysis at BNRY.com and Tmarkets.com. Fascinated by the psychology of financial markets and technical analysis, he is also the head of the “Fédération Sud Finance” and is preparing for the Degree of the Chartered Financial Analyst (CFA) level 1 at the SKEMA Business School. Maxime favors trend following strategies by combining chartist analysis with the use of technical indicators.