I remember
as I conducted the seminar about the euro in May 2013 and I said that the euro
would decline although the euro was climbing. Some seminar participants disagreed
with me. One and half year later, I have never expected that the euro will
decrease in such pace.
EURSUD
monthly, May 2013
The euro
has broken through the sufficient levels at 1.3000 and at 1.2744. It has last
only one month. In the meantime, Eurozone’s single currency fell to 1.2358.
There is a
question: where is the end of the decline?
From the
fundamental view, it doesn’t look well for the euro. The divergence between monetary
policies in Europe and the United States is getting bigger. The Fed has decided
to end its bond-buying program, but to keep unchanged its interest rates for a
"considerable time".
The European
Central Bank (ECB) is willing to add further stimulus measures. The ECB
President Mario Draghi said on November 17 that the central bank could purchase
government bonds.
The euro
dropped on last Friday after the ECB reiterated that the ECB is prepared to add
further stimulus measures if needed. Investors speculate that the central bank
is moving closer to launch the quantitative easing programme.
I think
that the level of EURUSD at some about 1.2000 is realistic.
From the
technical view, the euro could decline toward the support level at 1.2326. Then
we could see a pullback to the level at 1.2744.
But there
is also a possibility that the euro will pull back from the support line at
about 1.2465 and we could see a pullback to the level at 1.2744.
EURSUD
monthly, November 20, 2013
©2000-2024. Todos los derechos reservados.
El sitio es administrado por Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
La información presentada en el sitio, no es una base para tomar decisiones de inversión y es proporcionada sólo con fines informativos.
La empresa no atiende ni presta servicio a clientes residentes en Estados Unidos, Canadá y los países incluidos en la lista negra del FATF.
La realización de operaciones comerciales en los mercados financieros con instrumentos financieros de margen, abre grandes oportunidades y permite a los inversores que estén dispuestos a correr riesgos a obtener altos rendimientos, pero al mismo tiempo conlleva un nivel de riesgo de pérdidas potencialmente alto. Por lo tanto, antes de comenzar a comercializar, se debe tomar de manera responsable a la cuestión de elegir la estrategia de inversión correspondiente, teniendo en cuenta los recursos disponibles.
Uso de información: al usar completamente o parcialmente los materiales del sitio, el enlace a TeleTrade como fuente de información es obligatorio. El uso de materiales en Internet debe ir acompañado de un hipervínculo al sitio teletrade.org. Importación automática de materiales e información del sitio está prohibida.
Para cualquier duda o pregunta, póngase en contacto con pr@teletrade.global.