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| Technical Outlook For Eur-Usd 6-8-2015 |
Eur/Usd pair moved yesterday in the average price movement of 88 Pips, it recorded the highest level at 1.0935 and the lowest at 1.0846 and closed at 1.0903 to Gain 23 Pips during yesterday’s trading according to the economic data.
The pair opened today at 1.0903 oscillatory between the 1.0896 and the 1.0932 levels during the Asian session in a trading average of 36 pips for the limitation of the market liquidity.
The pair is moving in a series of down corrective waves after breaking the wedge and we see now the pair retested the broken form.
We saw the pair achieved our target at 1.0930
It is expected that the pair Eur-Usd will reach the targeted level at 1.0860 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: 1.0854 and 1.0805 and 1.0765
Resistance levels: 1.0943 and 1.0983 and 1.1032
More Technical Outlook FxStations
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