Market Behaviour
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Forex Analysis
Euro Dollar
The euro broke the resistance level of 1.4327, and Reach the first AIM in the 1.4406 area. Howeve, the European currency, After Reaching 1.4445 Stood historical ground, and is trading at 1.4360 Currently. That is why the level of support in the area of present support level 1.4264 if it breaks again today And This Could test the 1.4176 area level. Howeve, short-term resistance level is at the 1.4394 area, and only if it breaks the 1.4485 area Could the test and beyond the 1.4584.
Support:
• 1.4344: Fibonacci 61.8%.
• 1.4264: Minimum 21 December.
• 1.4176: Minimum of 1 September.
Resistance:
• 1.4394: descending trend line.
• 1.4485: Tuesday’s reversal level.
• 1.4584: Minimum of 11 December.
Dollar Pound
The pound traded in a narrow range, and so far the estimates do not Suffer technical significant changes. Where the pair is part of the Stood previous channel, we wonder Which is why if the area of the 1.59 managed to give the support to the pound NECESSARY so you do not continue to decline. The area of the 1.5949 support level present a significant short-term for today. And if it breaks That Could test the 1.5865 area Million Dollar Pips and Perhaps reach 1.5802 level. Howeve, short-term resistance level is at the 1.6035 area, and only if it breaks the 1.6125 area and the test Could 1.6223.
Support:
• 1.5949: Support the day.
• 1.5865: Minimum of 29 December.
• 1.5802: Minimum of 2 October.
Resistance:
• 1.6046: short-term resistance.
• 1.6123: Fibonacci 61.8%.
• 1.6223: previous resistance.
Dollar Yen
As Stated in the bulletin we of yesterday, the dollar-yen failed to break the rising trend line starts at 84.81 That, and subsequently Temporarily Transferred to return to the preset range. A Certain caution in trading In This pair and so We Should Talk. The support zone is Located in 90.55, and if the pair falls below That Could test the 89.58 area. The level of resistance found in 93.08 and if the couple breaks the area an upward correction Will Continue Could test the first and 93.53 and Then 94.05.
Support:
• 92.24: ascending trend line of 84.81.
• 91.51: previous resistance.
• 90.55: Fibonacci 61.8%.
Resistance:
• 93.08: previous support / resistance.
• 93.53: Minimum of 19 March.
• 94.05: Maximum of 28 August.
Analysis: Involving Munther Marji Forexpros.es
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