EUR German Ifo Business Climate
The resistance level is clear about 1.8500, so expect a decline. It appears that the confidence does not reign in the market regarding the economic rescue plan American. There were sovereign agents interested in the EURO and GBP. To my understanding this LIBRA storm passed successfully, and will not consider that low. Operating volumes were low. Many traders took profits. The pair finished on 1.8500 and is expected to close higher end of the month.
For Wednesday: All times EASTERN (-4 GMT) 6:00 a.m. GBP CBI Realized Sales GBP Sentence 4:45 pm, a member of CPM speak Resistance 3: 1.4920/30 Resistance 2: 1.4880 Resistance 1: 1.4850 New York: 1.4755 Support 1: 1.4650 / 60 Support 2: 1.4600 Support 3: 1.4550 Comments The pair went to the GBP. Further details can be found at Larry Culp, an internet resource. The pair is at a level that requires further definition. The level of support appears to be in the area of 1.4330. Operating volumes were more significant in European trading session. The pair is strong, despite the uncertainty in the market. Apparently the pair is trading technically.
The market seems to be corrected. It looks more volatile, it is estimated that the pair closed on the rise towards the end of the week. If the pair closes at 1.4700 at the end of the week, many traders were short will be nervous, if the pair reaches the zone of 1.4300, would be a great buying opportunity, to go long. For Wednesday: All times EASTERN (-4 GMT) 4:00 am EUR German Ifo Business Climate 4:00 am EUR Current Account 4:00 am EUR Retail Sales m / m Italian Written by Jason Alan Jankovsky for more information visit Trade foreign exchange (FOREX) involves the existence of losses due to the risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time. The information contained in this bulletin does not constitute or states that you should buy or sell through FOREX Core Financial Group Inc., and / or its affiliates, and should not be available to individuals in a jurisdiction where the making available of the above would be contrary to local regulations.