Forget Password

Blog

<< Back

EUR/USD (a 4-hour chart) -Technical Analysis for 18.07.2016

18/07/2016 // 09:16:42 am

EUR/USD (a 4-hour chart)

General outline

ECB will be upholding a meeting with regards to its monetary policy this week, which may become one of the most important factor for the single currency if Draghi makes unexpected announcements.

Current situation

The EUR/USD saw an unanticipated decline and lost about 0.74% on Friday. The overall picture appears to be bearish as of now. The resistance is seen at 1.1050, and the support lies at 1.1000.

MACD indicator is at the centreline. If the histogram penetrates the negative territory, it will indicate the growing strength of the seller. RSI approached the oversold area.

The bouncing of the price off the 200-EMA is shown by the 4-hour chart. The pair left behind the 100-EMA and the 50-EMA which is a sell signal.

Trading recommendations

The pair may regain up to 1.1080 to resume its descending trajectory towards 1.0900.

 

Share Us :

Recent Posts

Technical Analysis Report - GBP/USD

29/09/2016 // 07:44:21 am

General outline

Pound was weighed by Shafik’s dovish comments (the BOE deputy) as

Read More

Technical Analysis Report - USD/JPY

29/09/2016 // 07:41:12 am

General outline

On wednesday, the US currency dollar rose because of profit fixati

Read More

Technical Analysis Report - GBP/USD

27/09/2016 // 10:33:13 am

General Outline:

The dollar remained under pressure against its major rivals as stocks

Read More

Technical Analysis Report - USD/JPY

27/09/2016 // 10:26:19 am

General outline

The yen strengthened as a safe asset amid a risk aversion. The BoJ chie

Read More


Email: support@ttsmarkets.com

Contact No: +971 589813411