HighSky (HighSky)
Currencies  |  November 06, 2012 10:50:00

EURUSD off track the first target 200-MA


Developments in the main currency pair EURUSD is evolving according to the scenario outlined in the previous week , when after breaking boundaries support quickly reduced the price of its 200 daily average equilibrium and when it returns to the value of the exchange rate, which we last saw two months ago.

eurusd, daily comment

Borderline unstoppable 200-MA could be considered as another open path and return to the long downward trend. Oscillators are still in daily expression move in oversold zone, just as we see divergence compared to the price development, space for further decline there can be.

Josef Kvarda, Analyst

HighSky Brokers

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EURUSD na první cílové metě 200-MA

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