EUR-USD
Time: 22:30 Rate: 1.4483
Strategy: short
Daily time frame
The price completed the upward movement on the level of 1.4530 by the harmonious patter AB=CD, and the resistance of the upper side of the parallel upward channel (fragmented red). We believe that the upward movement will stop in this area, and the price will retrace the continuous last upward movement (CD), as between the level of 1.4330 to 1.4200.
As can be seen by the graph bellow:
4 hour time frame
The price ranges in an upward parallel channel (fragmented red), and stops in its upper side on the level of 1.4520. The break out of the price at this level, and the price will get to the level 1.46. We believe that the movement will break down the level of 1.4437, and from there will downtrend for retracement of third until two thirds of the last continuous upward movement (broken blue line).
Potential trade
Short
Enter: 1.4430
Stop: 1.4530
Target: 1.4330
As can be seen by the graph bellow:
GBP-USD
Time: 22.50 Rate: 1.6250
Strategy: short
Daily time frame
As was mentioned in the daily market review of yesterday the price stopped and retraced a third of the last continuous upward movement. We believe that the price will continue to retrace this movement toward the level of 1.6110.
As can be seen by the graph bellow:
4 hour time frame
As was mentioned in the daily market review of yesterday the price is on its way toward the level of 1.62 in the first stage, and if this level will break the second target is 1.6110 (see daily time frame)
As can be seen by the graph bellow:
Important news for the 13.04.2011
Time: 11.30 GBP Claimant count change
Time: 15.30 USD core retail sales m/m
Time: 15:30 USD Retails sales m/m
Time: 17.30 CAD BOC monetary policy report
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Real-Forex team 
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