Consolidating after break lower | 03 Diciembre 2013
03 Diciembre 2013, EUR/USD
EUR/USD has broken down through its 45° trend-line and posted a long column of red o's. Whilst this is not a definitive signal of a resumption of the bear trend it is a sign of weakness and could be the start of such a resumption. Taking a downside count from this column gives us a target at 1.3370. A nearer-term level of support is at the 1.3475 trend-line, and if prices move below 1.3520 they will probably fall to there and consolidate first; if they break down it would provide strong bearish signal lower. The trend-line at 1.3475 is pivotal: if there is a recovery from there it would continue the bearish move higher, if it breaks down it will signal a probable resumption of the down-trend.
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.