Technical Analysis Report - EUR/USD
05/09/2016 // 06:08:31 am
The dollar lost some grounds after U.S payrolls report. It appears that the Fed may postpone the rate hike because of the weak labour market report.
Volatility exists in the market. Buyers forced the price from the mark 1.1190 towards the resistance 1.1270 and then the pair dropped back to the opening price level. The resistance is observed at 1.1200, the support exists at 1.1130.
The currency pair, EUR/USD , is below 50, 100 and 200 EMAs which are following a declining trajectory in the 4 hours chart. The moving averages are showing a sell signal.
The MACD continues to remain at the same level which confirms the strength of sellers. RSI is moving closer to the negative territory.
The pair appears to be bearish at the moment. A move below 1.1130 will strengthen the positions of the sellers.
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