HighSky (HighSky)
Currencies  |  November 14, 2012 12:47:00

EURUSD in a corrective phase?


Following our last comment , we can say that the main currency pair EURUSD is still based on their support in the 100-steady daily average, the price is now back to 200-MA. As the graph shows, two lines are quite close to each other even in the EURUSD this narrow band moves past two days.

eurusd, daily comment

With the last growth also return RSI levels ranging from the 30th layer If now we are in the beginning of a new phase and possibly even shorter sequences shown by (III), we see a more risky now participate in the growth and rather expect shorter after correction return under 100-MA.The development of close prices above 1.2767 level could delay or refute this technical scenario.

Josef Kvarda, Analyst

HighSky Brokers, Inc.

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EURUSD v korektivní fázi?

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