Down-trend in play | 31 10月 2013

31 10月 2013, EUR/USD

EUR/USD fell after the FOMC, reaching 1.3700. The short-term trend has probably reversed now and is bearish. It will probably continue unfolding lower, and a break below 1.3650 would give even stronger confirmation the trend had changed and was going lower. The downside target from the count at the highs is 1.3680 and has very nearly been met; the R1 monthly pivot is at 1.3688 and could very well delay downside, or result in a bounce. If support in the 1.3680s were breached, then the pair would be expected to fall to the down-target generated by the column of O's from the pole pattern, at 1.3585.
Down-trend in play
Mark Satcher
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus