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| Technical Outlook for EURUSD 22-7-2015 |
Eur/Usd pair moved yesterday in the average price movement of 157 Pips, it recorded the highest level at 1.0968 and the lowest at 1.0810 and closed at 1.0936 to Gain 115 Pips during Yesterday’s trading after according to economic data.
The pair opened today at 1.0963 oscillatory between the 1.0924 and the 1.0960 levels during the Asian session in a trading average of 36 pips for the limitation of the market liquidity.
The pair is moving in a series of down corrective waves above the ascending trend line below 50% fibo.
It is expected that the pair Eur-Usd will reach the targeted level at 1.0860 in the next few hours.
The Relative Strength Indicator "RSI" reveals the distribution operations at the market and until
Now we are seeing the control of Bears on the market.
Medium term trend: Down
Support levels: 1.0841 and 1.0746 and 1.0683
Resistance levels: 1.0999 and 1.1062 and 1.11573
More Technical Outlook FxStations
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