HighSky (HighSky)
Currencies  |  February 08, 2013 11:46:00

EURUSD and its reversal of the trend ...

Already yesterday we broke the major currency pairs along with the outputs of the last representatives of the ECB mentioned support.

eurusd, daily comment

After breaking this level we allow the current state estimate as the beginning of a longer downward trend for longer corrective formation of zig-zagu A, B, C have terminated. Already yesterday's breakdown was accompanied by a 10% lower ratio of short traders in the retail segment, which currently forces of both parties long / short and it significantly compensates for almost two months. Even from this perspective, we look at the current situation as a possible longer turnover, even though they were not fulfilled limits long-term price resistance, which suggests another chart. Resistant line oscillator was not achieved.

eurusd, daily comment

For short-term development could therefore be an interesting target for technological wave IV band around 38.2%, which is the boundary close to the previous support, which was pierced yesterday, and when this target is now able to operate on the contrary as a major resistance thus boundaries between 1 , 3450 to 1.3458. When we would expect another turn to the fifth wave of a new day. For the consideration of new long downward trend, which should now play in favor of the USD, it is necessary to get the price back above the top of wave (ii), well above 1.3576.

Josef Kvarda, HighSky Brokers, Inc.

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October 25, 2012EURUSD trend reversal on the edge ... HighSky (HighSky)

EURUSD a jeho obrat trendu...

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