HighSky (HighSky)
Currencies  |  December 11, 2012 11:27:00

EURUSD that correction back above 1.3 ..?


The main currency pair eurusd found their support over the price of 1287, which we have already mentioned in the previous week and so corrects developments that occurred after the meeting of the ECB. In terms of targeting feedback correction of the shorter downward trend can be considered on several levels, the first interesting technical meta lie above 1297 where we are right now. Band previous first wave, above which the price did not get where we want to further consider a downward trend, however, is up to 1304. Therefore, if we apply the preferred scenario and waiting for us in the foreseeable future radical wave (III), the end of the current phase (II) will need to speak to the turnover.

eurusd, daily comment

Looking at the current technological development is also possible to consider the future head-shoulders formation, which we now found ourselves in the phase of the right shoulder. Target the right shoulder while he did so by 50% Fibo is an interesting technical price also located just above 1300. Negation downward trend is now a distance of 1308.

Josef Kvarda, Analyst

HighSky Brokers, Inc.

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EURUSD že by korekce zpět nad 1,3..?

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