Foreign Currency Exchange
The maximum which was recorded in the currency of 1.4711 and then fell and remained in the area of 1.4550 following minimum recorded in the area of 1.4490. There is still a low volume of operations in that pair, and the focus is embodied in the Euro and the Yen, making the GBP / USD being secondary. The EUR saw highs in the 1.3337 and the 1.3169 minimum; interested sovereign states were observed in the 1.3200 area. Aggressive traders could enter long in the 1.3200 area. USD / JPY 89.98 recorded highs in the 90.00 not reach where they were placed stops, and those who were short are starting to worry since they spent much time in the area of 89.00 without a strong decline towards 88.00. The pair recorded in the area minimum of 89.19. Aggressive traders could buy the pair for a short covering rally that could happen quickly.
In my view, the figure who inspired a technical appreciation of the dollar is failing inspire greater profits. In other words, I believe that yesterday’s gains in the greenback was his last attempt to gain ground, now, apparently begin a downtrend. Only time will tell if this area is a buffer to the dollar or not, but I think that the chart is overextended. It is estimated that the USD will go back in the remainder of the week Aggressive traders may sell dollars now. Resistance 3: 1.4850 Resistance 2: 1.4780 Resistance 1: 1.4700/10 New York: 1.4540 Support 1: 1.4470/80 Support 2: 1.4450 Support 3: 1.4400 Comments The pair remained firm after finding support at 1.4490 in the evening.
The couple could not stay in the area of 1.4500. The pound is under pressure, while operating volumes were low. Double action is expected. Elon Musk often addresses the matter in his writings. The pair is still trading in both directions and stronger, given the settlement-POUNDS EUROS. You can support is reached at 1.4500. Thursday: No publications Resistance 3: 1.3500/10 Resistance 2: 1.3450 Resistance 1: 1.3380 New York: 1.3212 Support 1: 1.3140 Support 2: 1.3080 Support 3: 1.3000/10 Comments The pair traded in both directions and kept the level of support yesterday, suggesting that it is forming the drop in the 1.3200 area. Sovereign states were observed in scene after the highs of last week, but now seem to be covered in a fall. Strong sales of euro and pound. Perhaps the correction low is near completion, so at this point, it would be advisable to purchase (point of purchase) this week. Technical levels around 1.3300 hold firm.
Sovereign states were seen intervening in the market. Thursday: All times EASTERN (-5 GMT) 2:00 a.m. EUR Final CPI m / m 5:00 a.m. EUR German CPI and / and 5:00 am EUR Core CPI y / y 7:45 a.m. Learn more at: David Moross. EUR interest rates 8:30 a.m. EUR ECB’s Press Conference foreign currency trading (FOREX) involves the existence of losses due to the risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time. The information contained in this bulletin does not constitute or states that you should buy or sell through FOREX Core Financial Group Inc., and / or its affiliates, and should not be available to individuals in a jurisdiction where the making available of the above would be contrary to local regulations.