Forex Currency Trading And Forex

Euro-Dollar a "New dollar caps for this cycle! On the way to 1.30 The euro broke the support provided in the report yesterday, 1.3390, and fell suggested reaching the first target 1.3326, before sinking below 1.33 for the first time since May 7 last year. This collapse was entirely expected, not only that, but we believe that what we have seen so far is only the first part of a strong and massive medium-term decline has already begun! Do not be surprised if we see the euro below 1.30 in the near future, however, we expect that for sure. As for the short term, we see a correction back to test support 1.3434-1.3462 area before the weekend, and may not be! This depends on breaking the support or resistance in the short term. We see that the resistance is at 1.3459 and the pair EURUSD will be damaged, trading under a technical perspective very negative, while it is below this resistance. But if you give us a surprise by leaving Above this level, we will correct the latest sign of 1.38. The ideal targets for this correction are 1.3550 and 1.3612.

As for support, it is 1.3303 and its break indicate a continuation of the fall. We do not expect major objectives are achieved as 1.3190 and 1.3088 before the end of semana.Soporte: a 1.3303: Support intraday important. a 1.3190: Low of 30 April. a 1.3088: Low abril.Resistencia 10: a 1.3459: Fibonacci 61.8% for the short term. a 1.3550: Fibonacci 50% fall from 1.3816.

a 1.3612: Fibonacci 61.8% for the fall from 1.3816 Analysis:, Information Disclaimer: The operations of futures, options and foreign exchange carries a significant associated risk and may not be suitable for all investors. You should carefully consider whether, given your particular situation you have knowledge, experience and resources necessary to operate in these markets. You can lose all the capital invested, or that their losses exceed the funds originally deposited. Follow our advice, opinions and recommendations and make money with forex.Saludos,