Technical Analysis Report - EUR/USD
06/09/2016 // 07:29:39 am
The currency pair EUR/USDgained hold of the market supported by disappointing Non Farm Payroll report in the U.S.> The USA market was closed due to Labour Day.
The pair remained almost neutral on Monday. The euro ascended its journey towards north in the Asian session. The price remained below the 50, 100 and 200 EMAs in the 4 hours chart. The resistance is observed at 1.1200, the support stands at 1.1130.
MACD shows divergence in the 1-hour chart. RSI is heading towards the oversold area.
If the downward pressure continues to exist, the pair will fall below the 1.1130. In this scenario, sellers’ next target will be the mark 1.1070.
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