Possible break lower evolving | 19 Diciembre 2013

19 Diciembre 2013, EUR/USD

Yesterday the pair broke down after the FOMC meeting. It moved out of its sideways consolidation and reached lows of 1.3650. Although it is now recovering a bit it looks poised to break lower. More downside is favoured by short-term cyclical factors. The long column down from yesterday's (18th) highs has established a down-target at 1.3420. A re-break below the 1.3650 lows could signal a continuation down to that target – or more conservatively the discretionary trend-line situated at 1.3600.

Possible break lower evolving

Mark Satcher
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
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.