The downward dynamics still has considerable potential. Yesterday EURUSD updated another low at 1.3060.
According to leading analysts, numerous investors are concerned about the paying capacity of some Euro states, which is another factor pressing Euro.
The impact of the US macroeconomic data, which are to be released today, may be noticed from 11.00 to 12.00GMT (including consumer confidence).
Nov 30th 2010. The Department of Volume Analysis, Masterforex-V Academy, has defined the following dynamics:
The mid-term dynamics is downward
The short-term dynamics of 6ECONT (EURUSD):
The key reference point of today’s trading sessions is 1.3095, the level of yesterday’s max volume (over 9000 lots).
If the market succeeds in settling above the level then the downfall will be suspended, probably giving way to an upward dynamics.
You are free to discuss this article here: forum for traders and investors
No comments:
Post a Comment