हम केवल एक ब्रोकर नहीं हैं। हम एक ऑल-इन-वन ट्रेडिंग इकोसिस्टम हैं—आपको विश्लेषण करने, ट्रेड करने और बढ़ने के लिए जो कुछ भी चाहिए, वह एक ही स्थान पर है। क्या आप अपने ट्रेडिंग को ऊँचा उठाने के लिए तैयार हैं?
FXStreet (Edinburgh) - The single currency extends its consolidative pattern at the end of the session on Monday, with EUR/USD meandering between 1.2480 and 1.2500.
EUR/USD further sidelining ahead?
The pair remains well poised to extend the flat-line pattern in the upcoming sessions, at least until the ECB meeting on Thursday. Prima facie, there are no potential market-movers on the horizon, although tomorrow’s release of the economic growth forecasts by the European Commission along with Factory Orders across the pond will keep traders entertained for a while. On the technical aspect, Chief FX Strategist at Scotiabank Camilla Sutton, suggested, “all technical studies have shifted to sell signals; and the RSI at just 35, provides plenty of downside room before reaching over sold levels. Support lies at the recent low of 1.2440 followed by the psychologically important 1.2400; resistance lies at Friday’s close of 1.2525”.
EUR/USD levels to consider
As of writing the pair is down 0.33% at 1.2482 with the next support at 1.2448 (hourly low Nov.3) followed by 1.2439 (low Nov.3) and then 1.2431 (low Aug.22 2012). On the upside, a break above 1.2517 (high Nov.3) would target 1.2545 (hourly high Oct.31) and then 1.2617 (high Oct.31).