During the first and second
weeks of April, the Euro reach his highest levels of the year with regard to
the Yen (and forming a double top also), from beginning at the time a downward
trend that take it again to the zone of 114, which has been meant as an
important zone of Support and Resistance (S & R) in the last three years
and that corresponds to the minimums reached by the Euro with regard to the Yen
in the year 2008 and 2009.
The previous thing can be
observed easily in the attached graph, in which we have indicated the zone of
113 - 114 with a yellow band that it allows us to estimate the relevancy of
this range of price of the Euro / Yen.
On the other hand, in this week
is not programmed economic relevant news on the part of Japan and of the
Economic European Community, therefore, the Euro in this very moment are respecting
the level of Support corresponding to 61.8 % of Fibonaci's Setbacks (from
106.811 to 123.31), it estimates that during the following days the Community
Currency was registering an rising trend that takes as following Resistances
the value of 115 and that of 117 Euros for Yen.
Mention separates, we have
taken advantage of the graph that accompanies this article to indicate an
interesting triple top that was formed last year, when the Euro reach the highest
prices registered during 2010,
in the range of 138 - 139 Euros for Yen, have done it
with the unique intention of showing the reliability that these figures have.
