Currencies  |  November 17, 2012 08:41:49

The currency pair EUR / USD before sales trend?

From 16 October, which was reflected by a strong S / R levels on the value of 1315, the couple EUR / USD bearish trend.

On Friday, the four-hour chart has formed a beautiful, technical analysis chanting, candle pinbar that could predict the trend reversal. It is not very high and not fall before its creation is not very strong, but there is a candle. The question also remains whether it happened in relation to the overall market sentiment, or just as a result of Friday's gains collecting traders who have bet a month to drop the course. When neprolomení boundaries 1,27, and scale the largest monthly drop correction was probably pretty pouzavíráno positions.Whether due to fear of the falling dollar, or simply as a result of closing the position for you based on automatic chronograph, all brokers so vehemently promoted.
Monday is expected macroeconomic news from the American continent and in 16 hours of our time real estate sales index, which is attached great importance. On the night of Monday to Tuesday BOJ rates will be announced. On Tuesday morning, then several indexes from Europe and the U.S. index in the afternoon and evening of housing output Fed. Thursday and Friday in the spirit of bank holidays. Thursday and Friday's American Japanese banks. So the end of the week will include more news from Europe.

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