EUR/USD: In the key area
Submitted by admin on Mon, 02/15/2010 - 23:01.
As we can see with decreases, this time light, today this pair is out of his main influences: Wall Street.
Short-term situation:
We follow a downtrend while not proven otherwise. After that the euro was down 1.48, at present prices offer a theoretical support area after having corrected a 61.8 percent hike from 2009. As shown in the graph is a doubly perfect movement and channeled. Bearish trend of resistance and not exceeding 1385 we will have to take into account the proximity of these important supports.
Trend Situation:
The loss of area 1.48 / 1.46 put an end to the recovery that began in late 2008. Parity loses height and correction has conditions to become entrenched as to bring prices to the band 1.25 / 1.35 medium term.
