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Eur/Usd: Will Positiveness Continue ? |
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Technical Archives |
Written by Hedef Online |
Jul 14 10 07:43 GMT
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Eur/Usd: Will Positiveness Continue ?
The Market didn't show any reaction to yestarday's bad news and responses were limited. Basically this situation indicates that how big the risk appetite which is related to positive expectations is. However It wouldn't be wrong saying that we are still in distressful levels. Balance sheets come far better than anticipated and market can ignore bad news easily .On the other hand the level which we are staying in, is a bit risky. Especially during today if the parity do not pass 1,2743 it might seen selling pressure in the market. In such a case we will obtain correction movements that are releted to yesterday's extreme buying.In case of working the this resistance possible shrinkage levels are 1,2660 and 1,2580 respectively.As long as positivenes goes on we will test the 1,2793 resistance. Our main target will be 1,3015 if we recieve support from the mentioned levels. At the moment we trade among these levels.

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