Technical Outlook For Eur-Usd 4-8-2015

Technical Outlook For Eur-Usd 4-8-2015

Eur-Usd pair moved yesterday in the average price movement of 55 Pips, it recorded the highest level at 1.0995 and the lowest at 1.0940 and closed at 1.0949 to Lose 19 Pips during yesterday’s trading according to yesterday economic data.

The pair opened today at 1.0949 oscillatory between the 1.0931 and the 1.0956 levels during the Asian session in a trading average of 25 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.0967

The pair is moving in a series of down corrective waves inside the wedge and we see now the pair is trading close to the lower limit.

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 accumulation operations at the market and until

Now we are seeing the control of Bulls on the market.

Medium term trend: Down

Support levels: 1.0927 and 1.0906 and 1.0872

Resistance levels: 1.0982 and 1.1016 and 1.1037

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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

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Technical Outlook for Eur-Usd 16-7-2015

Technical Outlook for Eur-Usd 16-7-2015

Eur/Usd pair moved yesterday in the average price movement of 106 Pips, it recorded the highest level at 1.1035 and the lowest at 1.0929 and closed at 1.0946 to Lose 60 PIPs during yesterday’s trading after positive economic data from USA

The pair opened today at 1.0946 oscillatory between the 1.0920 and the 1.0962 levels during the Asian session in a trading average of 42 pips for the limitation of the market liquidity.

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, so it is expected to fall down to lows again.

It is expected that the pair Eur/Usd will reach the targeted level at 1.0850 in the next few hours.

Today at 11:45 we are looking for Minimum Bid Rate from Europe.

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: 1.0905 and 1.0864 and 1.0799

Resistance levels: 1.1011 and 1.1076 and 1.1117

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Technical Outlook for EUR/USD 2-7-2015

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

 For More Technical Outlook FxStations

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