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| Technical Analysis for Dow Jones 8-7-2015 |
Dow Jones moved yesterday in the average movement of 354 pips, its highest level at 17724 and the lowest Level at 17370 and closed at 17680 to Gain 21 pips during yesterday’s trading according to the economic data.
Dow opened today's trading at 17673 and went down to 17433 in the European session
Dow moves in a series of up impulse waves in a parallel price channel
It is expected that the Dow is heading targeting 17700 as the target on time frame of four hours and till now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us accumulation operations at the market
Today at 18:00 we are looking for FOMC Meeting Minutes
Today we could see sharp trading because of the economic data from USA
Support levels: 17458 and 17237 and 17104
Resistance levels: 17812 and 17945 and 18166
For More Technical Outlook FxStations
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