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| Technical Outlook For Eur-Usd 10-8-2015 |
Eur/Usd pair moved last Friday in the average price movement of 123 Pips, it recorded the highest level at 1.0977 and the lowest at 1.0854 and closed at 1.0963 to Gain 40 Pips during Friday’s trading according to the economic data.
The pair opened today at 1.0962 oscillatory between the 1.0948 and the 1.0972 levels during the Asian session in a trading average of 24 pips for the limitation of the market liquidity.
The pair is moving in a series of up corrective waves after breaking the wedge and we see now the pair retested the broken form.
We saw the pair achieved our target at 1.0860
It is expected that the pair eur /usd will reach the targeted level at 1.1014 in the next few hours.
The Relative Strength Indicator "RSI" reveals the accumulation operations at the market and until Now we are seeing the control of Bulls on the market.
Medium term trend: up
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