Euro-dollar the European currencies not yet waving white flags!Once again, 1.34 not Renunciarael euro broke the support referred to in the report of 1,3501 yesterday, only to stop in the middle of the road towards the goal of 1,3422, more specifically in 1,3462. This is the fifth time that the EUR/USD pair reaches a daily low in the same area, without being able to break it. In addition to the low yesterday, the euro has bottomed in this neighborhood at other times: February 19 (low 1,3442), 25 February (low 1,3450), 1 (low from 1.3459) March and 2 March (low-pressure 1.3434). And after 3 weeks, we return to this same area, as if another background here you will need to become aware of the importance that has this support area. However, were expecting to see a breakdown of the broad and strong support area to which we have referred by more than one month to date: 1.3434-1.3462.
It is no doubt that any attempt to reach 1.30 in the medium term will not have a good result, unless this stand to break. The short-term analysis tells us that the support is in 1,3502, and break this, would give another chance to break the areas of 1.34. The objectives for this breakdown will be first 1,3442, then 1,3341. In terms of resistance, it is located in 1,3566, and his break would mean that we are already correcting the last fall from the top of 1.38, and the objectives of this correction will be 1,3621 and 1, 3696. support: 1.3502: Fibonacci 61.8% for short term 1.3422: Baja of the May 18. 1.3341: unsubscribe from the Mayo.Resistencia 8: 1.3566: Fibonacci 61.8% for the micro-term. 1.3621: Fibonacci 38.2% for short term 1.3696: the 61.8 Fibonacci % for the short term.Analysis by: Forexpros.es, informative site of indices stock market with the participation of Munther MarjiExoneracion of responsibility: operations of futures, options and foreign exchange carries an associated significant risk and may not be advisable for all types of investor. You should carefully analyze If your particular situation you have the knowledge, the experience and the resources necessary to operate in these markets. You can lose all the capital invested or that their losses exceed the funds initially deposited. Follow our advice, opinions and recommendations and make money with forex.Greetings, Forexpros.