Monday, 13 January 2014

EUR/USD Technical Trend Today: FOREX News


After updating the minimum quarterly at the end of last week started a natural growth rate. To date, the course tests the day fault 0.8294-0.8286 , which is decisive for the further development of one of the models . When securing the above we can talk about the beginning of the ascending phase , the purpose of which will be weekly fault 0.8429-0.8419 . This pattern is not yet a major because at the test day faults observed increase proposal. If the stand area will be continued downward model that will aim to update the quarterly minimum 0.8230. Model reduction at the beginning of the week.

EUR / USD: We saw highs for the European currency during last Friday as a result of weakness and decline , which dominated the U.S. dollar after the jobs report , which came successfully the U.S. economy by creating 74 thousand jobs only from the previous month , which was 241 thousand resulting in a lower U.S. dollar against other currencies .

According to our expectations have touched the pair rising trend line shown above in white at levels of 1.3571 and then bounced back up to achieve more than a hundred points profit during today's session we expect to remain the pair fluctuated between the levels of 1.3605 and 1.3680 and expect to fall back towards the levels of 1.3605 and then rose again to see it through this week around 1.3731 levels , but the stabilization of the highest levels of 1.3660 the pair has paid the pair to rise directly .

The general trend of a medium-term : bullish
Key resistance levels : 1.3731 and 1.3812
Key support levels : 1.3605 and 1.3570

No comments:

Post a Comment