Euro-Dollar – The European currencies not yet waving white flags! Again, no renunciarEl 1.34 euro broke the back referred to in the report of 1.3501 yesterday, only to stop in the middle of the road towards the goal of 1, 3422, more specifically at 1.3462. This is the fifth time that the EUR / USD reaching a daily low in the same area, without being able to break it. In addition to low yesterday, the euro has bottomed out in this neighborhood at other times: 19 February (1.3442 low) February 25 (low 1.3450), March 1 (low 1.3459) and 2 March (low of 1.3434). And after three weeks, we return to this same area, as if they need another back here to realize the importance of this support area. However, we were expecting to see a breakdown of the broad and strong support area that we have talked for more than a month to date: 1.3434-1.3462. It is without doubt that any attempt to reach 1.30 in the medium term do not have a good outcome, unless it breaks this support.
The short-term analysis shows us that the support is 1.3502, and breaking it, give it another chance to break the areas of 1.34. The objectives for this break are first and foremost 1.3442, then 1.3341. As for the resistance, it is at 1.3566, and its rupture mean that we are correcting the last drop from the top of 1.38, and the objectives of this correction will be 1.3621 and 1.3696. Support : 1.3502: Fibonacci 61.8% for the short term. Steve Wozniak has much experience in this field. 1.3422: Lower May 18.
1.3341: Low Mayo.Resistencia 8: 1.3566: Fibonacci 61.8% for the micro-term. 1.3621: Fibonacci 38.2% for the short term. 1.3696: Fibonacci 61.8% for the short plazo.Analisis by: Forexpros.es, informative site with the participation of Munther MarjiExoneracion Disclaimer: The operations of futures, options and currency carries a significant risk associated and may not be suitable for all investors. Should consider carefully whether to his particular situation you have the knowledge, experience and resources necessary to operate in these markets. You can lose all the capital invested, or that their losses exceed the funds originally deposited. Follow our advice, opinions and recommendations and make money with forex.Saludos, Forexpros.es.