Spain-Greece Euro Still Limit Appreciation. Until well into the European trading session (Thursday, 01/11) single currency Euro seems difficult to penetrate to the level of $ 1.3 important because investors are still overshadowed by worries about Spain and Greece uncertainties continue to restrict any appreciation of the product riskier assets. Even European economic data weighed on investor sentiment again today after data eurozone unemployment hit a record high 11.6%, while Greece and Spain both are above the level of 25%. Market concerns the world economy come sticking again after this morning Australian manufacturing activity and activities of American business overnight, shrinkage.
Investors' focus has now shifted to the U.S. jobs report for October (Non-farm payrolls), which according to the U.S. Department of Labor will still be released on next Friday (02/11), and the expectations will be improved from the previous month. Euro seems depressed in the range of $ 1.2944, having only reached a high of $ 1.2970 level today.
Euro Will Return In the range 1.2475 - 1.2740 - ANZ
Euro intercepted selling at 1.3020 in the European session numbers before, only to wipe out the entire gain upon closing the U.S. session, with the return movement of the time of the London session, when no solution found for Greek Euro hit back. Today, after moving steady, euro found some support in the Asian session, currently at 1.2968 from 1.2955 earlier in the session opening.
"Failure of Euro to re-test 1.3150 area (the range for 2 years at 38.2% Retracement) peak confirms an upward movement early. This should still be in the context of the downward correction in the July low at 1.2060. The euro should now move to 1.2475 (61.8% retracement) - 1.2740 (38.2%) area (50% retracement at 1.2605-10 numbers) over the next few weeks towards the rising movement in the area of 1.3150 - 1.3500 in the year 2013 ". Added Riddle: "closing below 1.2865 (support increases light) should trigger the next retracement to the 1.2740 area at least. The increase (rebound) sharply above 1.3020 is needed to reduce the bias current for a deeper retracement area. "
Euro Will Discover Interests Above 1.2950 Buy
After testing again yesterday highly for 7 days at 1.3019 during the London session, over 50% Fibonacci numbers 1.3140/1.2880, Euro still has not stopped moving up and moving flat today as it did yesterday, last seen at 1.2966. The euro rose for the week at 0.21%, a few minutes ahead of manufacturing data from China.
Valeria Bednarik says: "for the short term, the euro turned bearish for the short term when it opened the Asian session, at a price below 20 SMA and indicators moved into negative territory." He also noted that the movement in the 4-hour chart has turned flat in the positive area, without any further direction Verifiers. But there it follows his partner exchange, which will bring the Euro risk aversion move down today, where 1.2880 would be seen ", concluded Bednarik. Support range: 1.2950, 1.2920 and 1.2880. Resistance at 1.2980, 1.3020 and 1.3045.
Investors' focus has now shifted to the U.S. jobs report for October (Non-farm payrolls), which according to the U.S. Department of Labor will still be released on next Friday (02/11), and the expectations will be improved from the previous month. Euro seems depressed in the range of $ 1.2944, having only reached a high of $ 1.2970 level today.
Euro Will Return In the range 1.2475 - 1.2740 - ANZ
Euro intercepted selling at 1.3020 in the European session numbers before, only to wipe out the entire gain upon closing the U.S. session, with the return movement of the time of the London session, when no solution found for Greek Euro hit back. Today, after moving steady, euro found some support in the Asian session, currently at 1.2968 from 1.2955 earlier in the session opening.
"Failure of Euro to re-test 1.3150 area (the range for 2 years at 38.2% Retracement) peak confirms an upward movement early. This should still be in the context of the downward correction in the July low at 1.2060. The euro should now move to 1.2475 (61.8% retracement) - 1.2740 (38.2%) area (50% retracement at 1.2605-10 numbers) over the next few weeks towards the rising movement in the area of 1.3150 - 1.3500 in the year 2013 ". Added Riddle: "closing below 1.2865 (support increases light) should trigger the next retracement to the 1.2740 area at least. The increase (rebound) sharply above 1.3020 is needed to reduce the bias current for a deeper retracement area. "
Euro Will Discover Interests Above 1.2950 Buy
After testing again yesterday highly for 7 days at 1.3019 during the London session, over 50% Fibonacci numbers 1.3140/1.2880, Euro still has not stopped moving up and moving flat today as it did yesterday, last seen at 1.2966. The euro rose for the week at 0.21%, a few minutes ahead of manufacturing data from China.
Valeria Bednarik says: "for the short term, the euro turned bearish for the short term when it opened the Asian session, at a price below 20 SMA and indicators moved into negative territory." He also noted that the movement in the 4-hour chart has turned flat in the positive area, without any further direction Verifiers. But there it follows his partner exchange, which will bring the Euro risk aversion move down today, where 1.2880 would be seen ", concluded Bednarik. Support range: 1.2950, 1.2920 and 1.2880. Resistance at 1.2980, 1.3020 and 1.3045.
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