Daily i-Forex Report by www.epicresearch.co 22nd February 2013

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indore, India (prHWY.com) February 22, 2013 - HEADLINE

 Dollar Sees Biggest Rally In 8 Months After FOMC Minutes
 GBP/USD Collapses And EUR/USD On The Verge Awaiting Risk
 EUR/USD- Trading the U.S. Consumer Price Report

Euro Declines as the Output Index Ceases to Uptrend

The Euro declined about 70 points against the US Dollar as the Euro-zone composite output index reversed direction following four months of improved results. The composite index for output fell to 47.3 in February, disappointing expectations for 49.0 and down from 48.6 in January. The manufacturing was reported at 47.8, and the PMI for services came in at 47.3, as both indexes were worse than expected. contraction in sector activity, based on a 50.0 neutral point.

 TRADING TIPS

* BUY EURUSD

BELOW 1.3177
tgs 1.3163/1.3149
sl 1.3197






* BUY USDJPY

BELOW 93.14
tgt 93.00/92.85
SL 93.34


* SELL GBPUSD

BELOW 1.5131
tgt 1.5111/1.5091
SL 1.5161


ANALYSIS
HOURLY EURUSD CHART

OPEN: 1.3273
HIGH: 1.3289
LOW: 1.3177
CLOSE: 1.3189

* EURUSD LOOKS DOWNWARD
* TREND : BEARISH
* STRATEGY: SELL ON RISE
* MACD =>. 0007(BEARISH SIGNAL)
* RSI =>22(BEARISH SIGNAL)




ANALYSIS

HOURLY USDJPY CHART

OPEN: 93.67
HIGH: 93.86
LOW: 93.20
CLOSE: 93.27



* USDJPY LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD => 0.04(BEARISH SIGNAL)
* RSI =>37(BEARISH SIGNAL)


ANALYSIS

HOURLY GBPUSD CHART

OPEN: 1.5226
HIGH: 1.5236
LOW: 1.5131
CLOSE: 1.5212

* GBPUSD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD => -0006(BEARISH SIGNAL)
* RSI => 36(BEARISH SIGNAL)


HOURLY EURGBP CHART
OPEN: 0.8717
HIGH: 0.8758
LOW: 0.8654
CLOSE: 0.8670

* EURGBP LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD =>.0008(BEARISH SIGNAL)
* RSI =>34(BEARISH SIGNAL)





HOURLY USDINDEX CHART

OPEN: 81.0780
HIGH: 81.4650
LOW: 81.0340
CLOSE: 81.4010

* USDINDEX LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>0.217(BULLISH SIGNAL)
* RSI =>78(BULLISH SIGNAL)
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