EUR/USD Daily and Weekly outlook for Dec 18th 2012/MBCFX


The EUR/USD was steady around the 1.3170 level at the beginning of this week’s trading.

However, we expect that the Euro will recover especially after the European Commission has agreed temporarily to give a governmental assistance of 3.9 billion euros means 5.1 billion dollars to the third largest Italian banks, “Monte dei Paschi di Siena”.

And as we have mentioned yesterday, the EUR/USD is trying to form a top on the monthly chart, and the prices are trading above the Fibonacci 38.2% means above the 1.3159 level.

We also notice that the ADX indicator reflects the weaknesses of the bearish trend.

So we expect that the Euro will continue its rise against the US Dollar during this week towards the Ichimoku Cloud which corresponds to the Moving 20 of the Bollinger Bands at the 1.3273 level.

Concerning the short term trading, the EUR/USD is trading within a correction channel…

View original post 42 more words



Trade Forex, Oil, Spot Gold & Silver, Futures and stock Indices with Metatrader 4, Money management LAM /PAM platform, and Currenex with no dealing desk MBCFX offers No Dealing Desk trading environment; it is a 100% auto-clearing of all the clients' trades. Through its Meta Trader 4 and Advance Money management platform, clients have the proper tools to trade Forex, online Gold, Crude Oil, Commodities, and Equities from just one account. We are committed to provide you a fair dealing practices, and excellent multilingual customer services. MBCFX and its talent staff are committed to provide innovative CFDs & Currency trading technology, fair dealing practices, and excellent customer services. MBCFX ADVANTAGES : - No Dealing Desk Execution - 24 hr streaming - price with competitive bid/ask - transparent execution - 24 hr multilingual customer support Join Free Webinars now at : http://www.mbcfx.com/Lead_SM/webinareng.php Practice a Free Demo Account : http://www.mbcfx.com/Lead_SM/democontactenglish.html
This entry was posted in Hellotxt. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s