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Forex: EUR USD Evolution

May 25, 2012 by Forex Market

Forex: Evolution EUR – USD:
The EUR / USD is affected by macroeconomic issues. For the short term are forecast to fall to levels close to the same 1.3985.

The reasons are purely because of geopolitical uncertainty that prevails in Greece generates distrust from investors who see a way out of crisis and fear that the effect is spreading to other European economies.

The technical analysis can be seen that the sell signal is maintained and that the RSI is at a level of indifference. This is true for graphs of different time horizons.

If the couple has a bounce the first resistance located at 1.4346 while 1.4414 second passes.

The operating volume continues to oscillate within the range that began early last May.

Among the macroeconomic announcements that are scheduled for this week is one that can impact directly on the price of the pair, is the publication of economic confidence index in Germany and the unemployment rate of that country.

Related posts:

  1. Forex: Evolution of EUR CHF
  2. Forex: Evolution of the EUR / CHF

Filed Under: Financial

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