More from FXstreet.com

Forex Flash: EUR/USD near pivotal 1.3335 level – RBS

By FXstreet.com,  January 16, 2013, 06:33:00 AM EDT

FXstreet.com (Barcelona) - According to William Moore, a Technical Markets Strategist at RBS, "We portend another poor short-term call in the EUR/USD as the market fails to find support the 1.3300 level as we had expected previously. From the perspective of a currency pair that looked extremely bullish as of late, it suddenly looks like the next leg could be lower given the short-term reversal pattern in the hourlies."

Moreover, "recent trends suggest that 1.3335 is a pivotal level and subsequently a good place to tuck stops above or fade rallies towards targeting the 1.3150 level on a pullback." Moore recommends.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

San Diego UFO Photographed Over Historical Edgemoor Barn
San Diego UFO Photographed Over His...
McCain: Americans 'Are Being Ripped Off' By Cable Companies
McCain: Americans 'Are Being Ripped...
Senate Republicans Oppose Budget Blockade By Tea Party In Growing GOP Feud
Senate Republicans Oppose Budget Bl...
General Reaction To Obama's Speech On National Security
General Reaction To Obama's Speech ...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.22 0.01  0.08%
FB $ 24.22 0.84  3.35%
SIRI $ 3.565 0.02  0.56%
GE $ 23.5585 0.10  0.43%
PFE $ 29.05 0.06  0.21%
MSFT $ 34.1599 0.01  0.03%
INTC $ 23.86 0.19  0.79%
P $ 16.58 0.58  3.38%