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Forex Signals Blog
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Free weekly FX trading signals - Updated Sunday 20/2/12 (12:00 GMT)
© 2012 FX Tools. All rights reserved.
EURUSD - Bullish week forecasted
Thursday's rally showed enough steam to break the week's bear run in an otherwise confused bullish market. This coming week should see some more strengthening of the Euro to test the recent high of 1.3320. The recent Doji on the daily chart (8th Feb) shows some potentially strong resistance at 1.3259 which may be good for a short term sell, otherwise we have two levels for buy orders on a retracement of last week's rally.
1. BUY - 1.30850 / TP - 1.31850 / SL - 1.29850 / ETA = <1 week
2. BUY - 1.30550 / TP - 1.31050 / SL - 1.30050 / ETA = <1 week
3. SELL - 1.32590 / TP - 1.32290 / SL -1.32890 / Status = WON
Below is a look at the coming week from the DailyForexSignal channel.