Technical Outlook For Eur-Usd 6-8-2015

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

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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 Analysis for Eur-Usd 8-7-2015

Technical Analysis for  Eur-Usd  8-7-2015

Eur/Usd pair moved yesterday in the average price movement of 141 Pips, it recorded the highest level at 1.1055 and the lowest at 1.0915 and closed at 1.0996 to Lose 58 Pips according to yesterday’s economic data.

The pair opened today at 1.0996 oscillatory between the 1.0978 and the 1.1020 levels during the Asian session in a trading average of 40 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 but Without result, so it is expected to fall down to new lows.

Now the pair is facing a resistance area which will back from it

The pair achieved our target yesterday at 1.0930

It is expected that the pair eur /usd will reach the targeted level at 1.0910 in the next few hours.

Today at 18:00 we are looking for FOMC Meeting Minutes

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: 1.0922 and 1.0848 and 1.0782

Resistance levels: 1.1062 and 1.1128 and 1.1202

For More Technical Outlook FxStations

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