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Technical Analysis Report - EUR/USD

31/08/2016 // 07:33:51 am

General Outline:

Supported by J.Yellen’s comments about growing possibility of the Fed rate hike, the USD gains its position.

Present Scenario

In the 4-hours chart, the price remained below the broken 200-EMA and the current support at 1.1150. The resistance is observed at  1.1200, the support exists at 1.1130.

The indicators MACD and RSI lies in the negative territory, maintaining the risk towards the downside 

Trading commendations

The mood of the market remains  bearish. If the price remains below the 200-EMA and the 50 and 100 EMAs will advance south in the 4 hours chart we may see a downtrend continuation 

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