HighSky (HighSky)
Currencies  |  March 19, 2013 12:51:00

We sat EURUSD Cyprus where it belongs ...

The latter meta turnover 23.6% Fibo was reached before the weekend, only to report on the nationalization of deposits in Cypriot banks and sent back to the outlined EURUSD declining trend channel. We would like to guess that the last fifth wave will be distributed to podvln lower order, which would mean that longer pětisekvence is not yet behind us and continue in a downward trend that started on February 1 this year. Povíkendové price gaps are filled between the equity indices, which, therefore, technically speaking, they were thinking about re-turning downwards.

eurusd, daily comment

From a fundamental point of view could all go hand in hand with how our social policy of the European Union decides on private money business, under which you can not really look for the essence of market mechanisms. Savers would probably have to start thinking about buying a pillow, or better safes, where would you hide my whether lightly or heavily loaded money or shares to be companies that these safes and coffers made such hedging with a form of exaggeration. We do not like to be wrong, but we expect these events that happen in the last days, we still long decline and launchers lock type so small countries like Cyprus, could be the right genuine.

Josef Kvarda, HighSky Brokers

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