FOREX: Technical analysis 09/14/12

 

EUR / USD

 

News background:

Pair continues to grow amid the Fed's decision to start an unlimited redemption of mortgages and bonds to change the situation on the national labor market.

 

Technical picture:

From a technical point of view, a local couple has potential for growth. The price is for the Upper Bollinger and above MA 5 and MA 21. But it seems that this growth will still be limited.

Oscillator Stoch. and the RSI are overbought.

 

 

Trading recommendations.
We buy from the local to 1.3183 if the pair consolidates above 1.3060.

 

Technical analyst at Forex Bulygina Marina.