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He Do some market participants fear of breaking the 1.30 mark .

1:18 AM |


Really does not make fun of the EUR / USD currently, but can currently make an interesting observation.
The EUR / USD seems to be on the bottom quite well supported and some market participants apparently have a great interest in it to defend the 1.30 mark. To recognize this is when you look at the reaction of the EUR / USD good or bad data for the euro zone look: while poor data for the euro (poor PMI, etc.) not in connection with the contemplated quantitative measures of the ECB pull wirklcih bearish momentum to be the smallest positive data to provide, for example, the German orders on Tuesday or the data on industrial production today for strong upward impetus.
If the reason for the defense of the 1.30 he could be trade that some market participants to avoid falling below this level and triggers the below this level placed orders, then from this market technically derive an expected dynamic downward movement, the zuimndest the EUR / USD would quickly lead toward $ 1.2950, ​​including even towards the yearly lows at $ 1.2750.
On the top is still the region between 1.3150 / 60 USD in overcoming their focus would pave the way towards $ 1.3220, perhaps towards $ 1.3250.
Major Brands (09.05.2013)
Support: 1.2750 | 1.2950 | 1.3030 / 50
Resist: 1.3320 / 00 | 1.3250 | 1.3150 / 30
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