Analysis of the market of divisasEURUSD levels in the short term determine it todoEl euro stopped only 8 pts below the holder specified in the report yesterday, and soared once again, breaking the resistance of 1,3653, and stopping at only 5 pts below the suggested target of 1,3740. What better we see today, is able to count on the levels in the short term that will open the way for the currency in the short term. Short term support is at 61.8% Fibonacci numbers to the micro-termino (in which the price stopped exactly for almost an hour). If this level is broken, the euro will start a fall, which we hope is strong, and fix the most important support (short-term) in 1,3549, and if this level is also broken, the fall will continue, and probably will be another weekly drop below the 1,3434 obtained on Tuesday. In terms of resistance, it is determined by the trend line down from the maximum of yesterday, and is currently in 1,3691.
If this is broken, the euro is going to continue with that strong rise, and you will be directed towards 1,3799 and 1, 3885. support: 1,3645: Fibonacci 61.8% for the micro term. 1,3549: Fibonacci 61.8% for short term 1,3434: low on Tuesday.Resistance: 1,3691: trend line down from the maximum of yesterday in the graphic intraday. 1,3799: maximum of the February 11. 1,3885: unsubscribe from February 2.Analysis by: Forexpros.es with the participation of Munther.exoneracion of responsibility: operations of futures, options and foreign exchange carries an associated significant risk and may not be advisable for all types of investor. You should carefully analyze if your particular situation you have the knowledge, the experience and the resources necessary to operate in these markets. You can lose all the capital invested or that their losses exceed the funds initially deposited. Follow our advice, opinions and recommendations and make money with forex.Greetings, Forexpros.es original author and source of the article