Hi all,
The EUR / USD prices rose after yesterday's speech of a member of the Federal Reserve “Janet Yelen” who claims on American need to maintain the interest rates low in the United States, reflecting the possibility to review a new quantitative easing, which is known as the QE3.
However, according to our view, the euro is one of the weakest currencies and this rise will be temporary just for some sale opportunities.
The euro reached yesterday its target towards the Ichomuku resistance at the 1.3212 level which is considered as a strong resistance area, and we expect the prices will breach it up to reach the 1.3229 level then to resume its downtrend movement to the : 1.3170/1.3150/1.3105 levels.
As for the key support level , it lays at 1.3054.
Good luck for all
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter
The EUR / USD prices rose after yesterday's speech of a member of the Federal Reserve “Janet Yelen” who claims on American need to maintain the interest rates low in the United States, reflecting the possibility to review a new quantitative easing, which is known as the QE3.
However, according to our view, the euro is one of the weakest currencies and this rise will be temporary just for some sale opportunities.
The euro reached yesterday its target towards the Ichomuku resistance at the 1.3212 level which is considered as a strong resistance area, and we expect the prices will breach it up to reach the 1.3229 level then to resume its downtrend movement to the : 1.3170/1.3150/1.3105 levels.
As for the key support level , it lays at 1.3054.
Good luck for all
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter
