Technical Analysis Report - EUR/USD
30/08/2016 // 07:58:49 am
J.Yellen's comments provided support to the US currency which intensified expectations of a potential rate hike by the Fed at the September meeting.
The currency pair EUR/USD declined on Monday and found a support in the 1.1170 area in the US market session. The resistance is seen at 1.1200, the support stands at 1.1130.
The indicators MACD and RSI resumed their declines within the negative territory. MACD displays the strength of the sellers. RSI entered the oversold area.
Analysts predict that if the price breaks this support, the instrument may decline further which will send this market looking for the 1.1070 level.
29/09/2016 // 07:44:21 am
Pound was weighed by Shafik’s dovish comments (the BOE deputy) as
29/09/2016 // 07:41:12 am
On wednesday, the US currency dollar rose because of profit fixati
27/09/2016 // 10:33:13 am
The dollar remained under pressure against its major rivals as stocks