Forex

During the November, 17th auctions on Monday in the third time resistance line of an intermediate term descending trading corridor which and has not been break that specifies in weakness of bulls in the market has been tested.

After turn candle model formation the course of uniform European currency has renewed descending movement in relation to the American dollar and for last two trading sessions has decreased more than on 100 points.

In short-term prospect in the market poorly expressed bear moods on given currency pair remain.

In the circumstances to consider new orders opening on sale is better only after breakdown support level 1.2530/00.

Resistance levels: 1.2640/50, 1.2670 1.2700/10, 1.2750/60 1.2800/10, 1.2850/60, 1.2900

Current price: 1.2608

Support levels: 1.2600, 1.2570, 1.2550 1.2530/00, 1.2470 1.2450/40, 1.2410/00, 1.2370, 1.2350