EUR/USD Signal - Feb. 21, 2013

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By: DailyForex.com

The EUR/USD pair is currently sitting on a major oblique support whose break could lead to an important bearish movement. However, the trend remains bullish and this support area should be taken advantage of by the buyers as it also corresponds to the lower Bollinger band.
Direction: Buy
Entry: 1.3279
Stop-loss: 1.32
Take-profit: 1.3825

EURUSD Signal 22113

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.