Continuation of a trend
Today during the European session there will be important news across Germany, further in the American session will also be published important news including IPT, and the finishing note will be performance of the member of FOMC Lockhart. On Wednesday special changes in the movement of couple weren't observed, trading was concentrated around the level 1,1350, now pair EUR/USD is in the top part of a corridor of the descending trend. For today the descending movement is predicted.
Main movement of currency pair
EUR/USD pair is traded in the descending trend, Tenkan and Kijun lines are bound below the price curve, the price is kept above the descending cloud, after achievement of level of resistance 1,1376 continuation of the descending movement is predicted. It is desirable to take selling positions below the level of resistance 1,1376, to fix profit at the levels of support 1,1335, 1,1300, 1,1250.
Alternative movement of the currency pair
If pair succeeds to break through and get fixed above the level of resistance 1,1376, continuation of the ascending movement to the following levels of resistance 1,1400, 1,1440 will be possible.
Level of resistance: 1,1376; 1,1400; 1,1440.
Level of support: 1,1335; 1,1300; 1,1250.
Today during the European session there will be important news across Germany, further in the American session will also be published important news including IPT, and the finishing note will be performance of the member of FOMC Lockhart. On Wednesday special changes in the movement of couple weren't observed, trading was concentrated around the level 1,1350, now pair EUR/USD is in the top part of a corridor of the descending trend. For today the descending movement is predicted.
Main movement of currency pair
EUR/USD pair is traded in the descending trend, Tenkan and Kijun lines are bound below the price curve, the price is kept above the descending cloud, after achievement of level of resistance 1,1376 continuation of the descending movement is predicted. It is desirable to take selling positions below the level of resistance 1,1376, to fix profit at the levels of support 1,1335, 1,1300, 1,1250.
Alternative movement of the currency pair
If pair succeeds to break through and get fixed above the level of resistance 1,1376, continuation of the ascending movement to the following levels of resistance 1,1400, 1,1440 will be possible.
Level of resistance: 1,1376; 1,1400; 1,1440.
Level of support: 1,1335; 1,1300; 1,1250.
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