11:56 AM
Unknown
 |
| Technical Analysis for Eur-Usd 14-7-2015 |
Eur/Usd pair moved yesterday in the average price movement of 202 Pips, it recorded the highest level at 1.1196 and the lowest at 1.0994 and closed at 1.1003 to Lose 132 Pips during yesterday’s trading.
The pair opened today at 1.1002 oscillatory between the 1.0972 and the 1.1010 levels during the Asian session in a trading average of 38 pips for the limitation of the market liquidity.
The pair is moving in a series of down corrective waves after breaking the price channel, and we saw the pair retested the broken limit, so it is expected to fall down to lows again.
We saw the pair achieved our target at 1.1000.
It is expected that the pair Eur/Usd will reach the targeted level at 1.0890 in the next few hours.
Today at 12:30 we are looking for Core Retail Sales m/m from USA.
The Relative Strength Indicator "RSI" reveals the distribution operations at the market and till now we are seeing the control of Bears on the market.
Medium term trend: Down
Support levels: 1.0932 and 1.0862 and 1.0730
Resistance levels: 1.1134 and 1.1266 and 1.1336
For More Technical Outlook FxStations
Posted in
0 comments :
Post a Comment