According to currency analysts Brown Brothers Harriman, the technical picture is still emerging negative for the European currency. A bullish cross of long-term moving averages on the charts euro / dollar shows a negative mood couples. Thus, the 20-week moving average dropped below the 100-week moving average and is already preparing for the intersection with the 200-week moving average. Given these indicators, as well as the fact that the couple continues to stay below resistance at 1.3555 area, where is the upper limit of the channel, the downtrend is still in force and sales strategy for growth remains could not be more timely. As a resistance strategy of the bank allocate 1.3555/90 region (top of the channel and a maximum of last week), the levels of 1.3820 (March maximum) and 1.3910 (200-week moving average). As part of the downward analysts expect the bank to reduce the euro / dollar to the recent lows of 1.3385/1.3265 with the prospect of execution of large feet, which can reduce the pair to the base of the channel at 1.2790. At the moment the euro / dollar is at around 1.3483.
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