Technical Outlook for EUR/USD 29-6-2015

Technical Outlook for EUR/USD  29-6-2015

Eur/Usd pair moved last Friday in the average price movement of 90 PIPs, it recorded the highest level at 1.1220 and the lowest at 1.1130 and closed at 1.1165 to lose 35 PIP According to Concern about the Greek case.

The pair opened today at 1.0988 to make a gap with 177 pips, and in the European session the pair went up to 1.1113 and now is trading around 1.1070.

The pair is moving in a series of up impulse waves after breaking the price channel, and now we prefer to avoid the market until a clearer vision.

And we saw the achieved our target at 1.1120

It is expected that the pair eur /usd will reach the targeted level at 1.1150 in the next few hours.

The Relative Strength Indicator "RSI" reveals the beginning of accumulation operations at the market and till now we are seeing the control of Bears on the market.

Medium term trend: UP

Support levels: 1.1123 and 1.1081 and 1.1033

Resistance levels: 1.1213 and 1.1261 and 1.1303

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