Exchange rate / USDEUR has dropped slightly yesterday to reach the threshold 1.3107, just above the 1.3100 support level (S1), the lowest level of the session 06.09.2013 th.
At the opening bell in Europe, the exchange rate between the support level and resistance level 1.3152 (R1). I will stand on the sidelines at the moment, vingay tomorrow, we will have a meeting of the ECB policy, could bring a surprise or two sides. The ability to turn the momentum back near the lower line of the channel continues at a high level. Although I still hold the view that in this moment, but I still see the overall picture because of adverse exchange rate EUR / USD is trading within the downward sloping channel mentioned earlier and also below the moving average 50 days and 200 days. If the price of the rigger to have a reason to push rates lower, we can witness the expansion towards the psychological 1.3000 area (S2).
• Support levels: 1.3100 (S1), 1.3000 (S2), 1.2900 (S3).
• Resistance levels: 1.3152 (R1), 1.3215 (R2), 1.3240 (R3).
At the opening bell in Europe, the exchange rate between the support level and resistance level 1.3152 (R1). I will stand on the sidelines at the moment, vingay tomorrow, we will have a meeting of the ECB policy, could bring a surprise or two sides. The ability to turn the momentum back near the lower line of the channel continues at a high level. Although I still hold the view that in this moment, but I still see the overall picture because of adverse exchange rate EUR / USD is trading within the downward sloping channel mentioned earlier and also below the moving average 50 days and 200 days. If the price of the rigger to have a reason to push rates lower, we can witness the expansion towards the psychological 1.3000 area (S2).
• Support levels: 1.3100 (S1), 1.3000 (S2), 1.2900 (S3).
• Resistance levels: 1.3152 (R1), 1.3215 (R2), 1.3240 (R3).