Alex Bobrov
Photo: Euro Reaches Major Levels
Despite the difficulties that has been hindering the eurozone economy, the Euro currency keeps strengthening against the US Dollar and other major currencies. The price is breaking above every single level of resistance with ease.
Yesterday’s price rally brought the currency to the top of the long-term target rage. The price is currently fluctuating around the highs set in September 2012. If the price consolidates above 1.3605, it will get an opportunity to initiate another rally up to the next closest levels of resistance.
However, it is necessary to keep in mind that today’s American session may well bring a major price momentum in any direction as the USA is going to publish some major statistics. Such days are usually the starters of new trends (in the opposite direction).
The chart below, courtesy of the SRP Department of , reflects the current state of affairs in the market of ERUSUD:
Татьяна Каширская, аналитик отдела "Форекс, курс евро", трейдер кафедры СРП Академии трейдинга Masterforex-V
Alex Bobrov
