Serj Panchuk
On the European session on Wednesday, on the 23rd of April, 2014, Euro rate fortified to achieve the level of 1.3854, setting the most extreme of the current day. Nonetheless, in the second half of the day on the U.S. session, the single European cash tumbled to the mark of 1.3815.
Workers of financial and analytic department of Binary Options Broker Optionova have distinguished explanations behind the decrease of the Euro rate against the Dollar.
The Dollar rate got help from oil
In the period from 18.00 hours to 18 hours and 30 minutes according to the Moscow time, it has been distributed an essential monetary facts for the Dollar.
The principle news was new houses` deal, which added up to 384,000 units. This figure was more terrible than the accord estimate of 455,000 and the quality of a month ago of 449 000. In addition, today's figures turned into the least throughout the most recent eight months. Notwithstanding that, there is a development here, however, the pace of development is not substantial, and it happens with occasional setbacks, as reported by economists. As stated by this news, the Dollar rate fell a tiny bit against the Euro. Anyway, the Dollar rate turned over for loosing then ground to the Euro just about promptly.
The Dollar had positive information on raw petroleum stockpiles as the extra help. Unrefined petroleum supplies raised more than it was normal by economists. The USA Vitality Data Organization has reported that oil saves climbed by 3.5 million Barrels for the week, finished on the 18th of April. Investigators wanted to get the expansion of 3.1 million Barrels. Petrol limit fell by 300,000 Barrels, while distillate limit rose to 600,000 Barrels.
The exchanging day is described by experts as that one with the low level of unpredictability, contrasted with those days of the most recent week. For the current day, the cash broke only 55 focuses since the sign of 1.3799. By the middle of the American session, Dollar keeps exchanging for the expansion, as stated by Experts of Optionova.
Intraday development of the pair EUR/ USD
Specialists of Optionova (included in the rating Binary Options Brokers’ of Trading Masterforex-V Academy http://www.masterforex-v.com/) have checked the time of the graph of the pair EUR/ USD.
On the investigated diagram remains a bearish medium-term pattern (blue –colored wave). After a local minimum level of 1.3784 that was set yesterday, the coin started to move against the current pattern. At today's bartering, this upward development has arrived at a purpose of 1.3854. Acknowledged bullish wave broke MF inclining channel and support level of 1.3850 (76.4 % - half revision levels on the Fibonacci framework). The money neglected to increase a decent footing on the last specified safety and diminished to 1.3815 backing (76.4 % and 61.8 % Fibonacci remedy levels on lattices). Recognized bullish move has not been finished yet.
Optionova Masters have attracted the attention to that the current bullish wave has completed a bearish three-wave structure of 1.3904-1.3784.
Further medium-term viewpoint for the pair response rates relies on upon the levels of help and safety.
Support: 1.3815; 1.3799 - pivot MF; 1.3784 (80) – minimum of yesterday and pivot MF.
Resistances: 1.3850; 1.3861 - MF pivot and the upper limit of the flat wide 1.3864; 1.3898 – pivot MF.
Serj Panchuk
