At the auctions on Tuesday on August, 26th it was possible to observe breakdown of strong support level 1.4660/40 then the bear moods have considerably amplified, and the euro has considerably decreased in relation to the American dollar. In second half of day quotation have reached 6 monthly minima located on level 1.4570. After testing of the given level the Morning star doges »then the euro has started to win back the losses has been generated turn model«.
Today at the Asian session ascending correctional movement has proceeded. Last 9 hours pass the auctions in rather narrow price range 1.4670 - 1.4740. Sliding averages 89 and 144 were crossed and are the nearest level of resistance 1.4760. Averages 55 and 34 - the nearest levels of support 1.4700 and 1.4670. Histogram MACD is in a positive zone, and specify in poorly expressed bull moods. In the circumstances is better to refrain from opening of new orders.
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