Thursday, October 30, 2008

forex EUR-USD Technical Analysis

As i have discussed any interference from the fundamental data may result in major correction of the pair. And today you can see the result of that as it broke the resistance line of 1.2881 then move further upside to make intermediate correction. This scenario is influence by the slight improvement in the European economic data and one bad data from the US zone as follow;

GBP Nationwide HPI m/m
-1.4% Actual
-1.5% Previous

EUR German Unemployment Change
-26K Actual
-29K Previous

EUR Consumer Confidence
-24 Actual
-19 Previous

USD Advance GDP q/q
-0.3% Actual
2.8% Previous

eur/usd technical chartMarketiva Forex: Trade as low as $1 & FREE $5 + $10000 Virtual Practice Money

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