10.03.08. The technical picture on the weekly schedules

10.03.08. The technical picture on the weekly schedules

Early in the week there is a new sense of the long term to assess the situation and consider possible options for further developments.

Euro Up Movement reached an interim target level model expansion 4a-b (523.6% at 1.5395), the closest intermediate level to a new record maximum dollar seen in a week's schedule at 1.5599, while the indicators, in particular, day RSI on our schedule, show signs are rooted in the divergence. Price is trying to break above 1.54 figure, but it is possible that the said zone of intermediate targets downward correction may take place. The nearest correctional support at the week-long schedule is located at the level of 1.5225, the next - 1.5070.

Pound has sharply accelerated movement up and now seeks to attain the level of resistance of 2.0245, which is a 50% correction of its last downward movement of the absolute maximum. Inflationary indicators emerged today, supported sending up, but this level of a correction downwards.

The fall of Jena can be described as a model correction 1-2 at the week-long schedule. Yen fell to a critical level zone 261.8% of the model at 101.40, down probiv multi least 101.65 and slightly off above 102. We can not exclude a return to 101.40 and attempted to break below 100 in the area. Prevent such attempts could either explicitly direct intervention of Japanese financial authorities or interior fears of investors to be aware of the approach to these values. Japan MOF has not shown itself does, fearing perhaps a possible U.S. displeasure when talking about intervention at the official level.

Frank dropped to the level of 423.6% expansion Hab model for a week's schedule (L level at 1.0170 on the week-long schedule). This correction could be upwards of a new historic minimum pair. Closest week's resistance - 23.6% level of 1.0360. If the decline continues without correction, the goal will be the level of parity.