Technical Analysis Report - EUR/USD
10/08/2016 // 05:20:07 am
The market is gloom at present and the euro traded in a fix. The demand for the euro is limited by the European stocks strengthening.
The mood of the market is still low and the pair spent the day in a narrow range between the levels of 1.1080 and 1.1100. The instrument tried to conquer the 1.1130 level, but failed. The price spiked and returned into the range. The resistance is seen at 1.1130, the support stands at 1.1050.
MACD remained in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI stayed close to the oversold area.
In the 4-hours chart, the moving averages are forming a narrow range. The price strived to breach the 50, 100 and 200 Day EMAs upwards but failed to do so.
The currency pair is under stress. The price will meet the further downside pressure after breaching the level of 1.1080 earthwards.
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