Forex

All Tuesday long it was possible to observe correction on given currency pair. It is impossible to name In another way given movement, as the intermediate term descending trading corridor remains.
After testing strong support level 1.3000/20 and a release from it descending movement has renewed and proceeds at present.

The nearest strong level of support - 1.2800 which breakdown can strengthen considerably the bear moods on given currency pair.

In that case the further purposes of bears will be located on 1.2710 and 1.2650.

More distant purposes 1.2570 and 1.2530.

Resistance levels: 1.2850, 1.2870 1.2900/10, 1.2950/60, 1.2980 1.3000/10, 1.3050, 1.3080, 1.3100

Current price: 1.2835

Support levels: 1.2810/00 1.2780/60, 1.2750/40 1.2710/00, 1.2660/50 1.2610/00, 1.2560/50, 1.2530