Support levels are maintained and for two weeks now, any purchases will fall. Many traders took profits. It is advisable to buy now. For Friday: All times EASTERN (-4 GMT) 4:30 a.m. 4:30 a.m.
GBP GBP Services PMI Housing Equity Withdrawal q / q EURO / USD Daily Resistance 3: 1.4420 Resistance 2: 1.4380 Resistance 1: 1.4330 New York: 1.3895 Support 1: 1.3850 Support 2: 1.3800/10 Support 3: 1.3720/30 Comments The pair fell to a level of 1.3850, two years to 50% of the fib sequence. Great fall to start the week, the couple was under pressure. Traders could buy in the area of 1.3900 in my view. The level of support seems to fail in the area of 1.4330, suggesting a point of resistance in recovery. Apparently the pair is trading technically. The market seems to be corrected. It looks more volatile, it is estimated that the pair closed on the rise towards the end of the week. Maybe the pair reached the 1.4000 area, would be a great buying opportunity.
It is expected more volatility if the American bailout plan is approved by the House of Representatives. For Friday: All times EASTERN (-4 GMT) 4:00 a.m. Final EUR EUR Services PMI 5:00 a.m. Retail Sales m / m for more information please access to foreign currency trading (FOREX) involves the existence of losses due to risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time. The information contained in this bulletin does not constitute or states that you should buy or sell through FOREX Core Financial Group Inc., and / or its affiliates, and should not be available to individuals in a jurisdiction where the making available of the above would contrary to local regulations.