11:39 AM
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| Technical Outlook For EUR-USD 23-6-2015 |
Eur/Usd pair moved yesterday in the average price movement of 98 PIPs, it recorded the highest level at 1.1410 and the lowest at 1.1312 and closed at 1.1339 to lose 28 PIP in a According to positive Existing Home Sales from USA
The pair opened today at 1.1340 and in sudden movement the pair moved down in the Asian session to 1.1241 and it bounced up to trade now around 1.1270
The pair is moving in a series of up impulse waves in a Parallel price channel.
It is expected that the pair eur /usd will reach the targeted level at 1.1370 in the next few hours, after the pair finished the correction.
And today at 13:30 we are looking for Core Durable Goods Orders m/m from USA.
The Relative Strength Indicator "RSI" reveals that the accumulation operations at the market and the control of Bulls on the market.
Medium term trend: UP
Support levels: 1.1297 and 1.1255 and 1.1199
Resistance levels: 1.1395 and 1.1451 and 1.1493
For More Technical Outlook FxStations
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