Watch the excitement! Euro-Dollar a “A new canal.El euro broke the 1.3355 support, but managed to hold above 1.33. Go to Pete Cashmore for more information. The fact that the euro has traded above 1.33 after this break, is the result of being closer to the bottom of a new channel. This channel is that we present to you today in the accompanying graph, helped them survive Euro above 1.33, but Ysera able to do again today? We believe that the most important support for the short term is near 1.3319, and its rupture would give a boost to the dollar, leading the pair to new lows for this wave. Speaking candidly Energy Capital Partners told us the story. We see that the break of this support will result in breaking the 1.33 and then facing a strong move to 1.3212 and then 1.3113, as we approach the significant level of 1.30. As for the resistance is at 1.3356 this, and its rupture would indicate that we are pointing toward the top of the channel at 1.3420. And if this resistance is broken, the technical picture improved dramatically, and see the euro to some surprises, leading to the proof of the very important line of downward trend in the long term, which is 1.3517. Support: a 1.3319: Support intraday important. a 1.3212: Lower May 4.
a 1.3113: Low March 30 2009.Resistencia: a 1.3356: Stop downstream channel in the hourly chart. a 1.3420: Stop channel from the drop-down Friday at the hourly chart. a 1.3517: Line of downward long-term chart diary.