Feb 25 04:56 GMT


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Eur/Usd: Fall Started From 1 ,2726 Support Level Print E-mail
Technical Analysis Articles | Written by Hedef Online |

Eur/Usd: Fall Started From 1 ,2726 Support Level

Loss in value of dollar has been limited. Particularly it could be said that before reaching 1,2762 target selling transactions which has occured from 1,2726 support level was a bit early.However despite of this movements it wasn't an expected activity. During this day we are going to monitor how in use this tendency is. Especially if we should take into account that balance sheets will release and they are anticipated positive this week. We could obtain very constricted movement between 1,2456 and 1,2756 through this week. It seems 1,2542 is the most important point to watch today. If this mentioned point breaks down fall will become hard.And If balance sheets release affirmative as they are expected this may cause decrease in value of dollar. In such a case the resistance line which is between 1,2612 1,2635 must have passed certainly.

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