Possible break lower evolving | 19 Desember 2013

19 Desember 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
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.