Market Leader informed
Today at the UN Security Council meeting the US delegation has offered lifting some sanctions off Iraq. It should be noted that the offer is unexpected for everyone.
U.S. Ambassador Susan Rice said in a letter to Secretary-General Ban Ki-moon circulated Tuesday that the goal of the session is “to recognize and reinforce Iraq’s recent progress and to explore ways in which the United Nations can continue to support the Iraqi government and people.”
However, it is still unclear whether the US initiative will be approved by the others.
Movement scenarios: markup. H4-H1. EURUSD. Dec 15th 2010.
1. Upward scenario (CP1-CP2-CP3)
Support level: 1.3336 is critical for this variant of movement. A breakout of it cancels the scenario.
Resistance levels:
Volatility indicator “Saks Channel”: 1.3394 - 1.3488-1.3582.
Local high: 1.3440. Buy target grid of the basic indicator: 1.3534-1.36571.
2. Flat scenario (Flat-zone):
Support level: 1.3177
Resistance level: 1.3498.
For the flattish movement scenario these levels are critical. If there is flat widening, the levels may see false breakouts. However, the deviation mustn’t exceed 161.8% - 1.3706. Therefore, in this case the price mustn’t come out of the buy-zone or sell-zone. The 161.8% support level inside the buy-zone and the 161.8% resistance level inside the sell-zone are critical for this scenario and cancel it once violated.
3. Downward scenario (CP1-CP2-CP3)
Resistance level: 1.3440 is critical for this variant of movement. A breakout of it cancels the scenario.
Support levels:
Volatility indicator “Saks Channel”: 1.3300-1.3206-1.3112
Local low: 1.3182. Sell target grid of the basic indicator: 1.3300-1.3177
Provided by the Department of mid-term trading and GTMT, Masterforex-V Academy.
Source: Market Leader
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