empty
 
 
21.08.2012 05:27 PM
EUR/USD Bearish Outlook for August 21 /2012 (Daily Strategy)

 

The euro after a day without movement, surpassed today its high of August 7 at 1.2437, and now is trading above second support weekly above 1.2454; this optimism is due to unexpected lower costs of Spanish and Italian debts.
The pair may continue its uptrend until resistance level of 1.2525, we believe that at this time there will be the beginning of a new bearish sequence in the pair. The economic problems of the European Union are far from settlement and, as a result, I think it is only a matter of time before the Europeans are punished again.
Therefore, we recommend selling at 1.2520 if this level is reached in the coming days with targets at strong support level of 1.2324. Or, if the pair is back to take an impulse, we recommend buying at 1.2394 with targets at 1.2520.
Our outlook for the pair remains bearish in the medium and long term.

 

This image is no longer relevant

If you need a personal consultation, contact me via e-mail: [email protected]

If you like my Fundamental analysis, please vote for me, in the portal MT5.com, please login and then vote for me. Thanks.

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $10000 más!
    ¡En Enero, sorteamos $10000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback