Technical Analysis Report - EUR/USD
14/09/2016 // 06:57:36 am
The euro hit hard in the market and weighed in following the negative Economic Sentiment in Germany for September.
The instrument was swinging back and forth between 1.1220-1.1240 during the course of the day. All moving averages maintain a bullish slope and stand around the level 1.1200, adding additional support to the price. The resistance is observed at 1.1270, the support exists at 1.1200.
MACD indicator remains centerline. If the histogram enters the negative territory, it will display the increasing strength of the sellers. If MACD returns into the positive area the buyers will take control over the market. RSI is neutral.
our analysts predict that 1.1200 is an obstacle for sellers on their way down. if the instrument breaches the level , it will break down and the price will fall to 1.1130.
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