Tuesday, April 28, 2009

Euro is back again at 1.30

Yesterday a pair of euro-dollar continued to fall. Exactly at 19.00 Moscow time the euro has gone down from 1.3125, and only an hour showed mark 1.2997. And no news at this time does not go, sensible explanations for this movement is not. Analytical tape all Lada continue to talk about the impact of epidemic influenza virus pork to markets. Indeed, in an atmosphere of a news vacuum more than simply refer to that. With regard to yesterday's motion, it seems, just in the market simultaneously was pour a large amount of the sale, which led to an unusually sharp decline in function and foot below the 1.31. Technically, the Euro-dollar was now in a triangle, pennant with the center at around 1.31. Support it passes through a minimum of 5 March, and April 21-22, and resistance - to the maximum shown, after the Fed meeting on March 19. Most likely, the euro, ottolknuvshis of Resistance triangle will soon go up again. The fact that the euro yesterday failed dramatically down, said that the market is ready to go up rather than down. In recent weeks we have often seen the reverse - the euro is growing rapidly, but then slowly and steadily declining and updates minima. Yesterday's sharp drop in euro said that worked the major foot and then down the market there is no point in going. Over the past two weeks, the foot, below the 1.31 is being twice already. Levels below 1.30 as well protorgovyvalis in previous months. At the same time, the area 1.30-1.45 protorgovan over the past year, much worse. From 1.60 euros last year, fell to 1.23 quickly, without protorgovki. In December, the euro quickly reached 1.47, then quickly fell in January. Only after the last Fed decision euro slightly protorgoval range 1.30-1.35, stay here for several weeks. We expect that the pair will soon protorgovyvat a range of 1.35-1.40.

Daily results of statistics at the end of the day - http://analit.onlinebroker.ru/forex/intraday.asp

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