Good morning my dear friends. We will study the EUR-USD pair today May 7, 2014. Graph that you are observing is the Fibonacci expansion. This expansion shows that the area of 1.3661 which corresponds to 61.8% is a pretty strong resistance area for the trend that has taken the EUR_USD par. Today the President spoke of the Federal Reserve and that will largely define where we are going to lead. We think it's going to start a kick, given that resistance of 1.40 is strong enough, then we expect the pair to decline from 38.2% we will expect at 1.3848, if less than 50% as we wait in 1.3815 and the last kick to that could reach the pair, before starting a downtrend in the 61.8% to reach 1.3781. Everything depends on what day, tell the president of the Federal Reserve. Equally bullish channel anyway posing on daily chart, makes us think that not showing the MACD and RSI indicates that for this week the pair begins a process of regression to the Fibonacci levels back commented.



Contact us

Contact us and we will send you a response soon CONTACT US

RISK WARNING: Trading foreign exchange and / or CFDs on margin, which carries a high level of risk and may not be suitable for all investors. There is a possibility that you may suffer a loss of some or all of your deposit and therefore you should not invest money that you can not afford to lose. Before deciding to trade, you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. advised to be mindful of their financial situation, needs and goals before deciding to trade foreign exchange platforms or actions. APJ TRADING, A Company from Panamá