Just as we
anticipated it a few days ago, the Euro continued falling versus the Dollar for
today and it has reached the 1.3500 level. At the moment, we can see on the 4
hour chart of the EUR/USD that the price has bounced to the upside from that
level. Most probably the pair will close for the week at the current levels,
but we must be attentive to next week’s moves, because we may get a
continuation of the retracement or maybe the price falls back down to the
1.3500 level and tries to break it one more time.
great info actually price closed over the support levels again 1.3520 this support zone will not let the price fall so easily
ReplyDeleteIn the absence of major economic events, the dollar traded unchanged or lower than most G10 counterparts this morning Friday. Weakened against the NOK, SEK, AUD and CAD in this order, while appreciated versus the JPY. The dollar was unchanged against the CAD, CHF, GBP and EUR.
ReplyDeleteYes , i agree with that .
ReplyDeleteIt will keep falling for a while, I think.
ReplyDeleteLooks like it found a good support.
ReplyDeleteThanks for such an informative analysis.
ReplyDelete