Back to the Forex Alerts day's list
Alert - 15:00 (CET) - EurUsd under 1.4000
|
The concerns about a deeper economic downturn led the stocks to the red. The US futures are also pointing in the same direction. This prompted an important profit taking of the Euro against the Dollar of more than 2%, as the uncertainties made the Dollar shine its safe haven condition.
The EurUsd is trading at 1.3949, ranging between 1.3908 and 1.4310, under yesterday's close at 1.4240. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are over the 200-day EMA.
As the support at 1.4000 (key) was broken, the traders are watching the next at 1.3630 (December 16th low) and 1.3251 (December 12th low). The traders are watching the resistances at 1.4435 (September 30th high) and 1.4679 (September 26th high). If these are broken, then they will observe the next at 1.5000 (key).
Meanwhile, the 60-minute Relative Strenght Index (RSI) is at 26 points, in the oversold area. The average volatility per hour is 740 pips. Checking the daily graphics, we see that the current price is over the 38.20% (1.3920) and under the 23.60% (1.4710) Fibonacci retracement lines.
|
|
ACM Advanced Currency Markets SA (hereinafter referred as ACM) is a professional financial intermediary, directly regulated by the Swiss Federal Department of Finance, Anti Money Laundering Control Authority. As forex specialist, ACM provides only currency and precious metals trading via highly professional forex trading software. All customers are aware that this information or any part thereof has been prepared without taking account of your objectives, financial situation and/or needs. This information is not intended as personalized investment advice and does not constitute a recommendation. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. The analysis is based on the information which ACM finds reliable and accurate, but ACM does not assume any responsibility for any material nor for the transactions made on the basis of the information or the estimates of the analysis. ACM cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct, indirect and/or consequential loss arising from any use of this information, document or its content. All opinions and estimates constitute ACM analysis as of the data and are subject to change without notice. ACM does not warrant the accuracy or completeness of information contained herein, such information is subject to change and is not intended to influence your investment decisions. Past performance is not a reliable indicator of future performance.
|