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EUR/USD - the technical analysis
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the Euro/dollar continues the ascending movement s by the beginning from 1.3261 (13/06/07). The pair tries to break and to be fixed vyshe level 1.3450, having established an intermediate maximum 1.3468. Having a special purpose area This lifting of euro it is located between 1. We already wrote pro importance of break of a course above level 1.3554 (the beginning of the second down-branch v channel C-C + on fig. 2). Descending channel C-C + we consider as chast euro/dollar correction (or correction) from its growth 1.2864 (12/01/07)-1.3682 (27/04/07). Therefore in case of price lifting above 1.3554 "bulls " will try to develop an ascending impulse, intending prodolzhit up-movement of the European currency with the beginning from 1.2456 (19/07/06). And hopes "bears " will be connected with possibility formirovanija in pair the next descending branch in a correctional formation s the beginning from 1.3682 (27/04/07). In case of positive for clumsy prodolzhenija this branch will be the second part in this formation. Clearly, that ukazannaja above the possible descending branch can begin from any urovnja price interval 1.
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