Optimistic mood of the players in the Forex market demand contributed to the emergence of the euro, which is Monday, July 26, overcame a mark of $ 1,3 Moreover, on Tuesday the players trying to consolidate at that level, and so far successful. However, the main movement in the European currency will not begin until the arrival of American and European exchanges.
From a technical point of view, the euro reached a sophisticated level of resistance above which the currency to gain a foothold on the first try failed. And if July 27 was another attempt to consolidate the euro above 1.3 dollars per euro will fail, "bears" are satisfied revenge. The figure of "double top" will be a long press on quotes euros.
Thus, the euro / dollar has reached an important point: if the game will continue to increase, the single currency will rise up to the mark of 1.5 dollars / euros, but if the sellers will win a local victory, then we can expect the formation of figures "double bottom" level 1,19 USD / EUR. But do not forget that all these global changes occur in the "thin" market, where trading volumes could be better. And increasing it in the next month is not expected. Market forces have nowhere to take for a new and powerful movement.
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