Monday, 11 February 2013

EURUSD Forecast Feb 11 - 15


The dancing bears had few field days on the Blue Continent Currency that made a pullback looked like a reversal when it closed at 1.3365 , the halfway mark of the rally. Has the Euro reached over-bought? In my humble opinion, yes. Fundamentally the Euro zone has got some debt issues that needs to be addressed. Technically, Thursday was a turning point, when the channel crossing managed to hold down at 1.3575 , and Geronimo came to push down the Euro past critical supports at 1.3486 and 1.3438 . The next southern target is at 1.3269 , which should be able to hold, and cause the Euro to try and recover some losses to test 1.3486 , the critical resistance. We expect crabbish movement between critical resistance , 1.3486 , and , critical support , 1.3269 .

Para beruang penari telah meramaikan pasar Matauang Benua Biru beberapa hari, sehingga suatu pullback kelihatan seperti suatu reversal apabila ia menutup di level 1.3365 , level tengah pada reli bulan lalu. Apakah Euro telah memuncak dan sampai di level over-bought? Dengan rendah hati, saya mengatakan, iya. Secara fundamental zona Eropa masih mempunyai masalah piutang yang mesih belum terselesaikan. Dan dari sudut pandang teknikal, Kamis menjadi penentuan, apabila channel crossing mampu menghambat ke bawah di level 1.3575 , dan Geronimo datang untuk menekan lagi ke bawah melewati beberapa support kritis di level , 1.3486 dan 1.3438 . Sasaran selatan selanjutnya berada di level 1.3269 . Kemungkinan level ini akan mampu bertahan dan akan menjadi per supaya Euro bisa melonjat naik demi menguji resistan kritis , di level 1.3486 . Prakiraan kami adalah pergerakan mengepiting di antara resistan kritis , 1.3486 , dan support kritis , 1.3269 .


No comments: