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Technical analysis of forex market Jan 31,2012
by admin ·
Parity has ranked all yesterday with a low of 3080 before rising again during the Asian session in 3180. Many small negative sentences were reduced currency European yesterday but the measures discussed at the Council of Europe has allowed the euro to stabilize. Our advice in the morning, look forward to 10:00, the German unemployment figure. A good result would be bullish for back testing highs on Friday, namely 3220/40. The figure is expected poorer and therefore it is possible for 3180/70 to make resistance to return to 3120/10 or 3080/70 as yesterday.
Your turn these points with stoploss above 3190 for sales in 3080 and since yesterday.
A passage above 3190 should allow the return to parity in 3220/40 and these cases will have to see if it goes to 3250 to move towards 1.35 in the week.
Looking back on 3120/10, and then parity may over 3080/70 initiated a consolidation.
Finally attention to the 4 am to be a summer and a line of blow to 1.31 for 3020 when the MACD is bearish and bullish above 3205.
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