The market stays steal exausting | 15 April 2014

15 April 2014, EUR/USD

Euro

The market stays steal exausting

This week, the investors will focus on the retail sales in the United States, as private consumption is the GDP world's largest economy’s significant part. The labor market showed a moderate growth rate in the spring first month which cannot point to yield a strong report.

The support levels: 1.3780-1.3810, and the resistance levels: 1.3892 -1.3860.

MACD is pointing down, indicating the current corrective movement.

Trading Recommendations

The pair may stay within the 100-points range between the support at the level 1.3720 and the resistance at the 39th figure in the coming days. The loss of the support would open the way to 1.3630.

Pound

The market stays steal exausting

Using the strong demand, the British pound overcame the 67th figure and reached the recent years maximums at 1.6820. Here speculators decided to take profits, but the decline in the pair is still limited by the support in the mark 1.6708. Though, buying at current levels looks pretty risky to talk about the peak formation is too early.

The support levels: 1.6720-1.6740, and the resistance levels: 1.6780-1.6800.

MACD is pointing down, indicating the current corrective movement.

Trading Recommendations

Another 1.6820 test looks quite possible. The 67th figure loss will weaken the “bullish” power and may lead to 1.6620-1.6600 testing.

Yen

The market stays steal exausting

The dollar/yen continued to decline that had started at the end of last week. As a result, the support around 101.59 has been achieved and broken. Nevertheless, the level 101.22 remained untouched. The fall from 104.12 to 101.32 significantly worsened the pair’s perspectives, but its further growth will depend on the ongoing support.

The support levels: 101.19 - 100.75, and the resistance levels: 101.64 - 102.16.

MACD is decreasing.

Trading Recommendations

If the 101.22 is saved, the pair may return to 102.00-102.15. If the pair grows up that can lead to a “bear’s” impulse weakening. If the support is lost, the way to 100.75 will ne opened up.

Ruban Sergey
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .