German Industrial Production Support

The EUR was firm developing a two-way trade, recorded highs in the 1.2993 and the 1.2873 lows, keeping the range on Friday. Comments last week by ECB President Trichet, saying that a policy of zero interest rates would not be appropriate for the region, has influenced the pair despite the possibility that any further cuts in March. Even if the ECB to cut rates in March, considering that the Fed already has reduced the differential interest rates (albeit small) still favor the euro. To my mind it encourages the flow of capital to the EURO and USD artificially appreciated with a view of the panic buying of last year, I believe that the dollar will fall against the euro this year. The big question is whether the USD will be willing to be corrected. It is estimated that the majors keep their profits in the middle of this week because of scheduled events will be few until then. GBP / USD Resistance 3: 1.5000/10 Resistance 2: 1.4980 Resistance 1: 1.4920/30 New York: 1.4871 Support 1: 1.4320 Support 2: 1.4250/60 Support 3: 1.4200 The pair was firmly in the evening. BCI's comments to mean that the BCI is not happy with a weak LIBRA.

He bought a pair about 1.4488, and highs in the 1.4930 recorded. Any correction is a buying opportunity now. It follows a two-way trade and volatility awaits. Several operators are placing short positions. Technically the pair is trading now. Operating volumes remain low.

The resistance level is at 1.5000. Tuesday: All times EASTERN (-5 GMT) 4:30 a.m. 5:00 a.m. GBP GBP Trade Balance CB Leading Index m / m EURO / USD Resistance 3: 1.3080 Resistance 2: 1.3020/30 Resistance 1: 1.2990/1.3000 New York: 1.2986 Support 1 : 1.2750 Support 2: 1.2700 Support 3: 1.2680 The pair continued to pound on the rise, but failed to stay in 1.3000. The pair apparently closed at 1.2900. He remained in the area of 1.2980 early in New York. The pair can not stay in at 1.2900 which is estimated to fall at 1.2700. If it falls will be buying opportunity. There was a two-way trade. Sovereign states were observed trading. The technical level remains at 1.2920/50 resistance is expected. Tuesday: All times EASTERN (-5 GMT) 10th-17th EUR WPI m / m 2:45 a.m. EUR German Industrial Production m / m 4:00 a.m. EUR French Industrial Production m / m Italian foreign currency trading (FOREX) involves the existence of losses due to the inherent risk in every transaction. It is likely that trade is not desirable FOREX for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time. The information contained in this bulletin does not constitute or states that you should buy or sell through FOREX Core Financial Group Inc., and / or its affiliates, and should not be available to individuals in a jurisdiction where the making available of the above would be contrary to local regulations.

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