11:24 AM
Unknown
 |
| Technical Outlook For Eur-Usd 5-8-2015 |
Eur-Usd pair moved yesterday in the average price movement of 108 Pips, it recorded the highest level at 1.0986 and the lowest at 1.0878 and closed at 1.0880 to Lose 68 Pips during yesterday’s trading according to the economic data.
The pair opened today at 1.0880 oscillatory between the 1.0854 and the 1.0892 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 wedge and we see now the pair is trading close to the ascending trend line.
It is expected that the pair Eur-Usd will reach the targeted level at 1.0930 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: 1.0843 and 1.0806 and 1.0735
Resistance levels: 1.0951 and 1.1022 and 1.1059
More Technical Outlook FxStations
Posted in
0 comments :
Post a Comment