Monday, September 7, 2009

WestLB: the battle between bulls and bears on the euro / franc

Euro / Franc March can not leave the band due to the lack of clear direction. Analysts said WestLB, an attempt to break its upper limit at 1.5360, launched in August, failed miserably, provoking a technical correction downward. Now the main battle between bulls and bears are deployed near a key signal line is 1.5170, but the winner still very difficult to determine. Taking into account the signals technical indicators, we can assume testing support at 1.5040, but at the same time can not exclude the probability of movement for resistance to 1.5280.

No comments: