Eur/Usd for today |
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The Eur/Usd continues rallying down after the publication of a really poor IFO confidence survey in Germany, and a worse than expected Current Account for the Eurozone, showing that the region is suffering the global slowdown. Quoting around 1.5655, under actual minimum the pair could easily continue to the zone around 1.5610, and then a strong daily ascendant trend line, around 1.5578, that should offer some support for today, and a probable rebound. A 4 hours candle opening under that line, could made the pair gain bearish momentum, been today???s final objective around 1.5528. Looking oversold in the mentioned time frame a correction could find resistances at 1.5685, followed by the zone around 1.5715 and finally the zone around 1.5762.
Filed under: Forex Advisor
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