Currencies  |  December 05, 2012 05:55:01

EUR / USD reached a strong resistance

Currency pair EUR / USD is nearly two months before the level 1.3130 again. After her breakthrough in the past couple of easily getting values ??as well as 1.4300, but also, and even attacked 1.4800 1.6000 price.

Since mid-November, a couple in a bull trend, with more than 45% gradient. This indicates a constant power of the euro against the dollar and its stabilization in the eyes of traders.
The macroeconomic data will be very rich today and basically it is absorbed in the morning for European news from Spain, Italy and Great Britain. Afternoon will be announced important information from the United States.
In all probability traders have set up purchase orders to overcome the mentioned S / R 1313 levels. Depending on how large the distance, then it can trigger an avalanche of purchases and the exchange rate shot up. The same, however, can happen during indentation and drop the course. Waiting for sales orders in the case neproražení resistance would contribute to a faster decline in the price of the currency pair.

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Pár EUR/USD se dostal k silné rezistenci

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