 |
| Technical Outlook for EUR/USD 2-7-2015 |
Eur/Usd pair moved yesterday in the average price movement of 126 PIPs, it recorded the highest level at 1.1172 and the lowest at 1.1044 and closed at 1.1055 to lose 89 PIP According to Positive ADP Non-Farm Employment Change from USA.
The pair opened today at 1.1055 oscillatory between the 1.1033 and the 1.1089 levels during the Asian session in a trading average of 54 pips for the limitation of the market liquidity.
The pair is moving in a series of up impulse waves in a parallel price channel, and now the pair is trading around the lower limit of the channel that expected to Boomerang up
And we saw the achieved our target at 1.1090
It is expected that the pair eur /usd will reach the targeted level at 1.1020 in the next few hours, and then to 1.1140
Today at 12:30 we are looking for Non-Farm Employment Change and Unemployment Rate 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: 1.1008 and 1.0962 and 1.0880
Resistance levels: 1.1136 and 1.1218 and 1.1264
0 comments:
Post a Comment