Euro/Dollar weighed down under the level of 1.5400, swallowing stops at the level of 1.5390. But the next stop-order zone at 1.5380 remained untouched. The currency pair has tested the low at 1.5386, now returned to the level of 1.5393. A clear breakedown under the stop level of 1.5380 may lead a descending movement to the previous minima level of 1.5365. Under the level there lie options at 1.5350, so in approaching to this level, orders for protecting the option level must be set by option-market traders. Daily Stochastik is coming into oversell, daily momentum shows downward movement.
Freitag, 13. Juni 2008
Technical Analysis - EURUSD
Euro/Dollar weighed down under the level of 1.5400, swallowing stops at the level of 1.5390. But the next stop-order zone at 1.5380 remained untouched. The currency pair has tested the low at 1.5386, now returned to the level of 1.5393. A clear breakedown under the stop level of 1.5380 may lead a descending movement to the previous minima level of 1.5365. Under the level there lie options at 1.5350, so in approaching to this level, orders for protecting the option level must be set by option-market traders. Daily Stochastik is coming into oversell, daily momentum shows downward movement.
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