HighSky (HighSky)
Currencies  |  December 14, 2012 11:39:00

EURUSD holds tooth and nail to support your lower


The main currency pair in the end of the week held its lower support line, which produces from the beginning of this week and so will not be easy to make short-selling traders, according to which the sentiment index among retail investors for the vast majority of the week. Only a quick profit taking could thus allow the bridle to recover more significant strengthening of the dollar.

eurusd, daily comment

The current short trend channel support could thus be very important in the short term and in case of puncture and profit taking short-selling traders we could consider initiating phase (III), and thus the turnover trend. Negation of this development is outlined above the upper blue lines resistant, which is above 1.3126.

Josef Kvarda, Analyst

HighSky Brokers

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EURUSD drží zuby nehty svůj dolní support

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