Wednesday, August 27, 2014

EURUSD Technical Analysis, D1, H1

12:29 AM

Quotations currency pair EURUSD after the evening strengthening of the dollar reached a level around 1.3150. The morning brings us the light reflection and the market in the short term should aim for around the last support that falls in the area of 1.3185. Slightly above the downward trend line we defining a quotation couple in Karim time. It will certainly assist with the supply side, and this level can lead to continuing declines.

On a daily interval, we can see that the market despite the fact that he reached the vicinity of the abolition of 100% Fibonacci wave 1 is deepened declines. We continue to remain in the relegation three that can reach even in the vicinity of the circular level of 1.3100, and only there will the growth impulse in the form of wave 4.

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