The pound keeps falling below 1.5400 | 05 tháng Giêng 2015

05 tháng Giêng 2015, EUR/USD

Euro

The pound keeps falling below 1.5400

Eurozone problems continue to affect the European currency that was traded in the mixed trend against the dollar and fall with a gap. The November money supply increase reports could support the euro more than expected – the M3 aggregate expanded by 3.1% y/y against the forecast by 2.6% y/y after 2.5% y/y in October. The US ISM manufacturing index fell to the level of 55.5 in December. The pair euro/dollar continues falling. The pair broke through another low at the level of 1.2070-1.2090 and fell below the level of 1.2000-1.2020.

The support levels are 1.1930-1.1950, and the resistance levels are 1.2000-1.2020.

MACD is in a negative territory.

Trading recommendations

We expect the short-term downward movement in the descending corridor near 1.2020-1.1950, it is likely a turn into a correction here. The level of 1.1930-1.1950 test allows us expect a rebound upwards.

Pound

The pound keeps falling below 1.5400

The pound fell with a gap on Friday. Earlier the British pound rose against the dollar. Obviously, interest in pound was caused by technical factors that with a strong support presence stimulated investors to take profit. The construction-spending fell to -0.3% in November (forecast 0.3%) against the earlier 1.1% in the US. Another attempt to recover the pound/dollar failed after the mark of 1.5600-1.5620 testing. The bulls’ attempts were unsuccessful that led to the resumed decline, the support breakthrough near 1.5395-1.5415 and the pair decrease below the level of 1.5360-1.5380.

The support levels: 1.5260-1.5280 and the resistance levels: 1.5380-1.5400.

The MACD indicator is in a negative territory.

Trading recommendations

We expect the short-term downward corridor movement 1.5380-1.5280. The price may rebound upwards from the level of 1.5260-1.5280.

Yen

The pound keeps falling below 1.5400

The US dollar continues to rise to the four-day high of 120.71 against the yen. The final data are already published - the US manufacturing sector business activity index rose to 53.9 in December against the earlier 53.7. We expect the stock markets decline, in particular the Nikkei fell by 1.57%. The dollar was sold off during a decrease to 119.05-119.25 that allowed it to rise to 120.73. The dollar did not manage to overcome the bears’ resistance 121.30-121.50.

The support levels: 120.00-120.20, and the resistance levels: 121.30-121.50.

The MACD indicator is in a neutral territory.

Trading recommendations

The short-term upward movement is possible near the level of 121.30-121.50, the last level breakthrough will cause the directional movement, the target is 122.40-122.60. We expect a consolidation.

Ruban Sergey
Analyst of «FreshForex» company
Đồng ý với đánh giá?
Ý kiến ​​của thương nhân:
Close
Đăng nhập
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .
manager photo manager photo
Online-support
Chúng tôi sẽ vui lòng trả lời bất kỳ câu hỏi nào bạn có thể có

Viết

Get bonus