Technical Analysis Report - EUR/USD
04/08/2016 // 06:57:52 am
On Wednesday, the dollar grew against most of its currency peers. As the market remained uncertain about the possible hike in rates, the US currency stood close to the 5-week lows.
On Wednesday, the currency pair experienced a negative day. The EUR/USD moved near towards its lower limit. The resistance is observed at 1.1200, the support exists at 1.1130.
Weakening positions of the buyers is indicated by the decrease in MACD. and the indicator shows a change of course, indicating a sell signal. RSI left the overvalued territory and is heading earthwards.
In the 4-hours chart, the instrument is approaching towards the 50, 100 and 200 Day EMAs. The 50-EMA is crossing the 100-EMA and the 200-EM, and a buy signal is generated by the moving averages.
The EUR/USD is expected to move earthwards and will reach to the mark of 1.1130.
29/09/2016 // 07:44:21 am
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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