Technical Analysis Report - EUR/USD
05/08/2016 // 05:34:57 am
The euro continued to decline for the second day. The investors are now focussing on the nonfarm payrolls report which will be released later today.
The dollar traded almost higher against the euro. The pair remained in a negative area. The resistance is observed at 1.1200, the support stands at 1.1130.
MACD is displaying a divergence pointing to a sell signal. RSI left the overvalued area and is heading earthwards.
In the 4-hours chart, the instrument bounced from the 50-EMA which crosses the 100 and 200 EMAs. The moving averages are neutral.
If the price makes breaches the 1.1130 support area, then we could see a fall towards 1.1050 and 1.1000.
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