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EUR/USD Trading Analysis with Forecast for 03 September 2014

September 3, 2014 10:04 am

Yesterday EUR/USD currency pair was moved as per our prediction, but same behave that not hit our take profit at .1.3140 go back from 1.3136 resistance level. Yesterday euro have not any important fundamental event but dollar weak due ISM Manufacturing Employment event, after announcement of this news this pair moved upward direction but averagely stable as per routine.

Forex Fundamental and Technical Analysis:

Today we are expecting that may be this pair will move again upward direction as our technical basis like 100MA at 1.3153 and 200MA (H1) now cover the gap as per our premium strategy and weekly pivot may be break today at 1.3161. As per fundamental events euro have some medium importance events and due to forecast euro may be weak but stable averagely as per routine movements because today dollar have some events may be these event not affect to euro and overall movements of today upward from major support level 1.3114 to resistance level 1.3142/53.

Recommended Forecast:

Dear trade today both fundamental and technical basis we are predicted that buy trade is best from entry point at 1.3114 and take profit at 1.3142 with stop loss at 1.3085, our modification panel also modified all signals time to time because some time market move backward near our take profit area in this condition all trade closed or modified.

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