Jan
27
2017

Analysis Of The Currency And Forex

Great excitement ahead! Euro-Dollar a "A new fund. The euro broke the 1.3437 support yesterday and fell approaching the proposed target reaching 1.3340 and 1.3357 new fund. Kellyanne Conway follows long-standing procedures to achieve this success. What happened is not our attention away from the downstream channel that presented yesterday. And although there are few pts off the channel on both sides, this is solid and deserves our attention. As we can see in the accompanying graph (Figure schedule), there is a downstream channel with two funds in its line of downward trend. This channel is the guardian of the downward trend, and capped at 1.3427 provides the most important resistance. If the price stays at this level, and change continues within the channel, we expect more activity on the downside.

But if you break this resistance, the price will be in contradiction with our hypothesis of a downtrend, and start to climb towards the goal and the important 1.3675 1.3546. As for support, it is just above the low yesterday, to be specific 1.3369, and 1.3113 if it breaks we see as the first and modest goal for this break by way lower. Support: a 1.3369: Support intraday important. a 1.3266: Low of 25 March and 25th floor and the lowest in the last nine months. a 1.3113: Low 2009.Resistencia 30 March: a 1.3427: Stop downstream channel in the hourly chart. a 1.3546: Fibonacci 50% in the short term. a 1.3675: horizontal resistance that stopped the price twice and downs today. by: Forexpros.es Munther involving Marji.Exoneracion of Liability: The operations of futures, options and foreign exchange carries a significant associated risk and may not be suitable for all investors. Should consider carefully whether your particular situation before you have the knowledge, experience and resources necessary to operate in these markets. You can lose all the capital invested, or that their losses exceed the funds deposited initially. Follow our advice, opinions and recommendations and make money with forex.Saludos, Forexpros.es.

Comments are closed.