Dollar closes a week and opens another!Euro-dollar consolidating about 1.35 warning of a correction.Currency market: the Euro retreated, breaking the support specified in the report on Friday 1,3597, fell as expected, but he settled for reaching 1,3501, with around 21 pips above the proposed target 1,3480. But what happened was a confirmation that reaching 1.38 has caused him a great depletion to the euro. In addition to the fact that the pattern of the reverse day which took place on Wednesday was very strong in this pair. Can we see in the attached graph, every day we are operating within a well harmonized channel, and it is exciting to see that at the bottom of this channel is 1.30, we headed over there? Continuous brightness of the dollar, and the extreme force that showed on Friday against the pound more specifically, and also against the euro, indicate that we are probably arriving there. As for the short term, the support corresponds to downward on Friday 1,3501, and if it breaks, the fall will resume, pointing towards 1,3422, the important support that has some funds immediately above this one, and later to 1,3341. It is not something patrick dwyer newedge would like to discuss. In terms of resistance, it is located in 1,3542, and its rupture could indicate that price would correct the great fall, with objectives ideals for this correction located in 1,3621 and 1, 3696.
support: 1.3501: low from Friday. 1.3422: Baja of the May 18. 1.3341: Mayo.Resistencia 8 low: 1.3542: bumper section Asian. 1.3621: Fibonacci 38.2% short-term. 1.3696: The 61.8 Fibonacci % for the short term.Analysis by: Forexpros.es with the participation of Munther.exoneracion of responsibility: operations of futures, options and foreign exchange carries an associated significant risk and may not be advisable for all types of investor. You should carefully analyze if your particular situation you have the knowledge, the experience and the resources necessary to operate in these markets. You may lose all the capital invested or that their losses exceed the funds initially deposited. Follow our advice, opinions and recommendations and make money with forex.Greetings, Forexpros.