Tatsiana Ketrar
At the start of the European session on Thursday, on the 24th of April, 2014, the Euro rose against the Dollar from the characteristic of 1.3811 to 1.3837. The Euro against the USA Dollar developed for 0.0026 Dollars. Development of the European money against the Dollar was 0.09 %.
These reasons of the Euro Rate expanding at the start of the day have been discovered from the analysts of Binary Options Broker Optionova, particularly for the segment "Trade Rates".
Germany has upheld the single European money once more time
At 12:00 of the Moscow time, the vital financial facts for the Euro Zone have been distributed. At the specified time, it became known the information on the business atmosphere record for members of fiscal markets in Germany - the primary European economy.
Business atmosphere list in Germany increased suddenly in April. Business atmosphere list, in light of a review of 7,000 executives from distinctive organizations, rose to 111.2 in April from characteristic of 110.7 last month. It was anticipated decay to 110.4, as stated by the overview of 34 economists.
German industry and administrations are earnestly stretching with the speediest rate since 2011. Germany is the heading economy nation in the Euro Zone, and it influences the recuperation of most nations on the mainland. Once more, the strongest Euro Zone Economy gave backing to the Euro, which has been very solid. Current news helped Euro to grow up against the Dollar to the level of 1.3840, as they report in the press focal point of FIBO Gathering.
The response of the pair EUR/USD
Specialists of Optionova (included in the rating Binary Options Brokers’ of Masterforex-V World Academy) dissected hour time allotment diagram of the cash pair EUR/USD.
On the depicted diagram it is still pressing the "bear" medium-term pattern, stamped with blue waves. Notwithstanding, two waves framed against the current pattern: "bull" and 1.3784-1.3854 "bear" 1.3854-1.3811. Also today's expanding of the Euro upon the news on the German economy didn't demonstrate any right course. Equivocalness of the circumstances still remains as we cannot watch an acceptable bearing of the cash pair. Further bearing of development for the Euro will rely on upon the response rates at the safety and help levels.
For the intraday point of view, the emulating resistances are genuine: 1.3850 - here are spotted 76.4% and 50% correction levels for Fib grids; 1.3854 - a most extreme of yesterday; 1.3861 – pivot MF; 1.3864 - the upper furthest reaches of the wide even; 1.3898 – pivot MF.
Resistances: 1.3813 - turn MF; 1.3784 - nearby least. Breakout and value settling under the neighborhood least will mean a continuation of the bearish of medium-term pattern.
Tatsiana Ketrar
