We present you the daily updated analysts' section, which is conducted by the professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical surveys in accordance with his vision of the current situation at the international Forex market. However, all represented below reviews are not straight recommendations or reason for the actions, but they contain exclusively the analysis of the current situation at the currency market. In certain cases the analysts' opinions to any changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation at the international Forex market.
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As I mentioned in the previous article that there was a short term upward trend for the pair and if it breaks the 1.3613 level it will go further up...
After the brief gains of Tuesday, the pair has started to decline and is expected towards 1.3240/1.3193. Once this level is reached, next target will be 1.3145...
The pair is loosing the gains of Friday and may return to 1.3485 level, its Nov 10 2011 low. The pair seems bearish and may slide towards lows or 1.3346...
