Immediately after the increase in
the Rate of Interest that last month announce the ECB, the Euro initiate an rising
rally with regard to the American Dollar that I lead to writing On April 08 the
qualified article Up to where there was coming the EUR/USD?
In such an article, we were
recommending the observation of this pair of Currencies in a graph with Monthly
time frame, alerting that the formation of a double top would be the signal of
which the rising trend of the Euro opposite to the American Dollar had become
exhausted to realize from there a Swing to the fall.
Well then, the forecast was
fulfilled since it You can observe in the attached graph, in which with striping
of yellow color we have marked other drafts that there has given to the fall
the couple EUR/USD after having formed a double top.
In addition, the Euro has
initiated this week of trading with a downward GAP and already penetrate the
level of 38.2 % of Fibonaci (from the 1.2873 to the 1.4939), for what his
following Support it represents the level of 50 %, to which the zone of 1.39
corresponds.
