Forex

The course of uniform European currency continues to bargain within the limits of an intermediate term descending trading corridor, at the same time from the beginning of trading week the auctions pass in frameworks of a price range 1.2520-1.2730 that in turn specifies in delay of descending movement.

In the circumstances is better to take of an observant position as the market is in a condition of uncertainty and solves, where to go further.

Priority there is a descending movement, but for this purpose is better to wait breakdown of support levels 1.2520/00 and 1.2450/00.

About buying in the present state of affairs there is no at all a speech as neither on day, nor on 4h sentry chart is not present turn candle models.

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

Current price: 1.2632

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