FOREX - Trends, Forecasts and Implications (Episode 13: March 2012) - page 256

You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Try asking this question in another thread, e.g. "for newbies", I don't think they can help here...
Societe Generale strategists are pointing to rising fears related to the eurozone and China. Despite market concerns, EUR/USD recovered today from $1.3133 to a high since early March at $1.3293.
Nevertheless, BNP Paribas still expects the euro to weaken in the coming weeks, naming the $1.2800 mark. From their point of view, yields on Tregieris will exceed the levels that would be expected given the current Fed policy. Moreover, specialists think that tension in Europe will rise due to upcoming elections in France and Greece.
Note that a head and shoulders pattern may be formed on the daily chart (the neckline is at $1.3000). A drop of the Euro below $1.3000/2969 would signal a stronger decline in the European currency. In the area of $1.3290/3300, sell orders may be concentrated. Support for is located at $1.3180 (100-day moving average), $1.3150/57 (76.4% retracement of $1.3286/1.3133/maximum of March 22, 50-day moving average).
BNP Paribas is stuck in sales and cramming everyone
my New Zealander is about to tee off...
you clowns ))))) only self-murderers work on Friday afternoons, I think )))
I'm moderately merry and drunk, and I wish you the same.
(I'm tired of all the deals, my neck is sore))
Welcome to the real world.