Daily i-Forex Report by www.epicresearch.co 11th March 2013

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indore, India (prHWY.com) March 11, 2013 - HEADLINE
 Forex: EUR/USD Given Fundamental Green Light For Reversal
 US Dollar, Yen to Fall if US Jobs Report Tops Expectations
 Dollar Outlook Tarnished by ECB, NFPs Offers a Risk Reprieve

US Dollar, Yen to Fall if US Jobs Report Tops Expectations
All eyes are on February's US Employment report through the end of the trading week. Consensus forecasts suggest the economy added 165,000 jobs in February, a print broadly in line with the 12-month trend average of 168,000 that ought not to offer much fuel for volatility around financial markets. US economic data has markedly improved relative to expectations since early February however, leaving the door open for an upside surprise.

TRADING TIPS
* BUY EURUSD
ABOVE 1.3135
tgs 1.3155/1.3175
sl 1.3105

* BUY USDJPY
ABOVE 95.65
tgt 95.85/96.05
SL 95.35

* SELL GBPUSD
BELOW 1.4980
Tgt 1.4960/1.4940
SL 1.5010








ANALYSIS
HOURLY EURUSD CHART

OPEN: 1.3108
HIGH: 1.3134
LOW: 1.3080
CLOSE: 1.3132



* EURUSD LOOKS UPWARD
* TREND : BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>-.000(BULLISH SIGNAL)
* RSI =>65(BULLISH SIGNAL)


ANALYSIS

HOURLY USDJPY CHART

OPEN: 94.90
HIGH: 95.67
LOW: 94.85
CLOSE: 95.67



* USDJPY LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD => -0.02(BULLISH SIGNAL)
* RSI =>80(BULLISH SIGNAL)






ANALYSIS

HOURLY GBPUSD CHART

OPEN: 1.5026
HIGH: 1.5044
LOW: 1.4982
CLOSE: 1.5039




* GBPUSD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD => .005( BEARISH SIGNAL)
* RSI =>59(BEARISH SIGNAL)

HOURLY EURGBP CHART
OPEN: 0.8723
HIGH: 0.8740
LOW: 0.8707
CLOSE: 0.8727



* EURGBP LOOKS UPWARDS
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>-.003(BULLISH SIGNAL)
* RSI =>62(BULLISH SIGNAL)


HOURLY USDINDEX CHART

OPEN: 82.1100
HIGH: 82.3000
LOW: 82.0770
CLOSE: 82.1010






* USDINDEX LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>0.79(BEARISH SIGNAL)
* RSI =>39(BEARISH SIGNAL)

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