Monday, April 25, 2016

Return of a course to the balance line is expected "April 25, 2016"



Results of the last trading day:

On Friday against depreciation of single currency to the British pound the rate of euro/dollar has decreased to level 1,1216. Judging by demand for the British pound, the coming referendum in Great Britain on an exit from the EU doesn't cause fears in participants of the market. It is (referendum) and weak data on the Eurozone push euro down the relation to US dollar.

Expectations of the market for today:

Today it's Monday. This day I don't pay attention to news and I always consider the movement against Friday. On Friday euro was weakened, means from euro today I wait for strengthening. As the oscillator стохастик is in a zone of sales, from opening of the auction in Europe withdrawal to a mark 1,1220 is probable. Sharp decline of euro, will indicate that it is fulfilled day пинбар which was created on Thursday. The purpose on him 1,1145.

News of the present day:

    In Australia and New Zealand holidays. The exchanges of these countries are closed.
   
Technical analysis:

In two days euro exchange rate has decreased by 1,6%. MA of the line were developed down. The price is under the balance lb line. Considering that the minimum of a day pinbar (1,1268) has been punched, now it is necessary to sell euro on corrections. Growth of couple is higher 1,1282 is undesirable since will call into question working off of a pinbar.

As on Mondays I always consider the movement against Friday, my purpose is at the level of 1,1268 (the 45th degree) and closing of day around 1,1245. After correction to lb, on Tuesday it is possible to consider falling of a course lower than 1,12.

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