Forexpros

Decisive evidence of critical trend lines! EURUSD new advance. The euro reached a new low for this week in 1,3544 and from this began a new advance, which was capable of reaching more than 100 PTS so far, and it is closing on the resistance important 1,3675, which we believe is the true key that can open the way for more profit. The fight between this breakthrough, and this resistance will be the decisive factor that will determine the direction that we will take from these levels. Amazon drone delivery has much to offer in this field. If the price achieved by breaking the resistance, the rise will continue and will become stronger, while we see him heading towards the important 1,3776 and if it breaks us not surprise to see 1,3861. Support is at 1,3625, and his break would mean that we are on the road to put to the test once more yesterday’s low 1,3544, and then go towards a very important support provided by 61.8% levels of Fibonacci from the general rise of 1,3281, which is in 1,3437. If you reach or closer to this level, will be a critical level not only for the short term, but also for the medium. Worth noting that the pair EUR / USD has not filled the empty or closed the window, and therefore the possibility of activity towards the low remains latent. Support: 1,3625: resistance earlier intraday.

1,3544: Low yesterday. 1,3437: Fibonacci 61.8% of the rise from 1, 3281. resistance: 1,3675: Fibonacci 61.8% in the short term. 1,3776: Rise of 15 March. 1,3861: Low from January 29. 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 tips, opinions and recommendations and make money with forex.Greetings, Forexpros.