Technical Outlook For Eur-Usd 3-8-2015

Technical Outlook For Eur-Usd 3-8-2015

Eur/Usd pair moved last Friday in the average price movement of 193 Pips, it recorded the highest level at 1.1113 and the lowest at 1.0920 and closed at 1.0981 to Gain 50 Pips during Friday’s trading after we saw the consumer prices held steady.

The pair opened today at 1.0969 oscillatory between the 1.0965 and the 1.0988 levels during the Asian session in a trading average of 23 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.0995

The pair is moving in a series of down corrective waves after breaking the parallel price channel.

It is expected that the pair Eur-usd will reach the targeted level at 1.1070 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: 1.0896 and 1.0811 and 1.0703

Resistance levels: 1.1089 and 1.1197 and 1.1282

More Technical Outlook FxStations

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Technical Outlook for Eur-Usd 9-7-2015

Technical Outlook for Eur-Usd 9-7-2015

Eur/Usd pair moved yesterday in the average price movement of 118 PIPs, it recorded the highest level at 1.1091 and the lowest at 1.0973 and closed at 1.1072 to Gain 76 PIPs according to yesterday’s FOMC Meeting and NYSE stopping.

The pair opened today at 1.1072 oscillatory between the 1.1060 and the 1.1080 levels during the Asian session in a trading average of 20 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.1124 and then fall down again.

The pair is moving in a series of down corrective waves after breaking the price channel, and we saw the pair retested the broken limit but Without result, so it is expected to fall down to new lows.

It is expected that the pair Eur-USD will reach the targeted level at 1.0950 in the next few hours.

Today at 12:30 we are looking for Unemployment Claims 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: Down

Support levels: 1.0999 and 1.0927 and 1.0881

Resistance levels: 1.1117 and 1.1163 and 1.1235

For More Technical Outlook FxStations

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