HighSky (HighSky)
Currencies  |  September 24, 2012 15:02:39

EURUSD still the same song as in the past week ...

Following our recent comments on the main currency pair EURUSD not see new impulses that predetermined surer development. For us indicated overbought levels we got very quickly already last week. Speaking of final sales, which in the longer perspective we still expect, however, is too premature. In particular, long / short positions, which are associated with currency pairs USD to see, speculation on possible longer opposite trend is now helping.

eurusd, daily comment

Still, we are now inclined more to the scenario that after the completion of the current short correction, comes one more finishing phase, preferably with a possible double top in EURUSD. So that last level indicated by 261.8 Fibo resistance was still valid.

Josef Kvarda, Analyst

HighSky Brokers, Inc.

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