empty
 
 
28.11.2012 04:38 PM
Fundamental Analysis For November 28, 2012

There were intense movements during the European session on Wednesday. The U.S. dollar has recovered its positions; it may continue till the American session.
The euro moved away from the maximum of 1.3005 which was hit on Tuesday and it broke the 1.2905 support, 38.2% of the rally 1.2735/1.3005 without difficulty. It may signify even higher losses of the euro for the next few hours.
The pound still retains a moderate uptrend. But it could go the way of the euro during the American session and break 1.5970 trendline on the 4 hour chart, which accelerates a sharp decrease of the British currency.
The Australian dollar has managed to stay bullish recently. Its purpose is 1.0385, about 55 points below the current level.
At 10:00 ET New home sales in the United States data is released.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback