Race EUR/USD
Recently in race of the European currency with US dollar, because of a news background, the leading place is taken by dollar, growth of Indexes of production activity of states, significantly consolidated currency. Today in an economic calendar the set of data, both across Europe and across the USA is observed, I consider entrances to short positions from the level of resistance 1,1200.
Main movement of the currency pair
EUR/USD pair moves in the descending trend, Tenkan and Kijun lines are bound above the price curve, the price is below the descending cloud, continuation of the descending movement is predicted. It is desirable to take selling positions below the level of resistance 1,1200, to fix profit at the levels of support 1,1150, 1,1120, 1,1100.
Alternative movement of currency pair
If pair manages to break through and get fixed above the level of resistance 1,1200 , continuation of the ascending movement to the following levels of resistance 1,1240, 1,1265 will be possible.
Level of resistance: 1,1200; 1,1240; 1,1265.
Level of supports: 1,1150; 1,1120; 1,1100.
Recently in race of the European currency with US dollar, because of a news background, the leading place is taken by dollar, growth of Indexes of production activity of states, significantly consolidated currency. Today in an economic calendar the set of data, both across Europe and across the USA is observed, I consider entrances to short positions from the level of resistance 1,1200.
Main movement of the currency pair
EUR/USD pair moves in the descending trend, Tenkan and Kijun lines are bound above the price curve, the price is below the descending cloud, continuation of the descending movement is predicted. It is desirable to take selling positions below the level of resistance 1,1200, to fix profit at the levels of support 1,1150, 1,1120, 1,1100.
Alternative movement of currency pair
If pair manages to break through and get fixed above the level of resistance 1,1200 , continuation of the ascending movement to the following levels of resistance 1,1240, 1,1265 will be possible.
Level of resistance: 1,1200; 1,1240; 1,1265.
Level of supports: 1,1150; 1,1120; 1,1100.
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