 |
| Technical Outlook for EUR/USD |
Eur/Usd pair moved yesterday in the average price movement of 132 Pips, it recorded the highest level at 1.1246 and the lowest at 1.1114 and closed at 1.1145 to lose 90 PIP According to Greece’s dept problem.
The pair opened today at 11145 oscillatory between the 1.1116 and the 1.1145 levels during the Asian session in a trading average of 30 pips for the limitation of the market liquidity, and in the European session the pair went down to 1.1104.
The pair is moving in a series of up impulse waves in a parallel price channel, and now it is expected that the pair will go down to retest the lower limit of the channel to Boomerang up
And we saw the achieved our target at 1.1150
It is expected that the pair eur /usd will reach the targeted level at 1.1090 in the next few hours, and then to 1.1185
Today at 12:15 we are looking for ADP Non-Farm Employment Change 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: UP
Support levels: 1.1090 and 1.1036 and 1.0958
Resistance levels: 1.1222 and 1.1300 and 1.1354
For More Technical Outlook FxStations
0 comments:
Post a Comment