HighSky (HighSky)
Currencies  |  November 02, 2012 10:46:00

EURUSD at the end of the week confirms what predestined ..


Developments in the main currency pair EURUSD showed how long previous support at this week turned into resistance when price mainly due to the development of today finds himself for the first time at the new lows this week and loses less support at 1.2885. We continue to prefer the scenario that the correction made up from July formations triple zig-zag is behind us and now opens the way to a new trend of longer with the first goal at longer equilibrium averages 200-MA and 100 MA. In this scenario unconfirmed return prices would consider beyond the proraženého Support from last week.

eurusd, daily comment

Josef Kvarda, Analyst

HighSky Brokers

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EURUSD v závěru týdne potvrzuje co předurčil..

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