Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
LiteForex Analytics
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="AlexanderLiteForex, post: 58590, member: 22090"] [b]EUR/USD: downtrend will continue[/b] [b]Current trend[/b] On Monday, European currency continued to rise against the USD. The pair slowly rose all day despite the decrease in volume of industrial output in France. Additional support to the pair was provided by the rise in investor confidence index in Eurozone: the index was far above negative forecast of 10.3 points, reaching the level of 13.3 points. Due to this fact EUR/USD rose to 1.3670. European macro-economic statistics is not scheduled for release today; while American data on inventories at wholesale warehouses, number of vacancies and level of labour flow will become known. However, the key event will take place on Thursday, when Janet Yellen will make semi-annual report on monetary policy. [b]Support and resistance[/b] Volatility is not expected to be high today because of lack of fundamental news. The pair has actually reached key support level of 1.3700 (highs of February 2013). In future EUR/USD will rise slightly and after that the pair will push off from resistance level of 1.3700 and go down to the local lows of 1.3470 and 1.3400. Support levels: 1.3550, 1.3470, 1.3400 and 1.3300. Resistance levels: 1.3700, 1.3800 and 1.3830. [b]Trading tips [/b] It is advisable to place sell orders with profit taking at the levels of 1.3470-1.3400. [img]http://www.liteforex.com/uploads/other/0f4ae30b4a3b45d443232191f07d20c8.png[/img] [i]Dmitry Likhachev Analyst of LiteForex Group of Companies[/i] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…