BOSSA.CZ (BOSSA.CZ)
Markets  |  March 27, 2013 14:59:00

EUR / USD accelerated Sale


iPoint.cz Number rozjednaných U.S. home sales in February fell as expected. National Real Estate Association today released a drop of 0.4 percent to 104.8 points, despite the loss, the number of contracts remains the second highest level for the last three years. Economists had promised in February by 0.2 percent after January's 4.5 percent growth. U.S. house prices have continued to grow and yesterday's S & P / Case Shiller index measured a 8.1 percent rise in January this year compared with the first month in 2012.

The currency pair EUR / USD bearish mood and dominates the market continued to weaken in the declining trend channel. Visible bullish divergence remains unnoticed and yet greater correction in sight. The market could then doputovat to 61.8 Fibonacci level (1.2680). Prospectively, however, despite the potential correction in the downtrend remains Eurodollars.

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