Technical Analysis Report - EUR/USD
27/07/2016 // 05:46:40 am
With the backing of positive New Home Sales release, the dollar regained its losses against the primary currencies.
The euro moved further earthward and existed inside the bearish channel. The session low was at 1.0977. The currency pair EUR/USD is moving towards the local support level of 1.0950. The resistance is observed at 1.1000, the support exists at 1.0900.
MACD is in the negative territory. The fall in the histogram indicates the strength of the strength. RSI is neutral.
The EUR/USD breached the 50 and 100 Day EMAs and could not breach the 200-EMA in the 1-hour chart. The price returned below the 100-EMA and existed. Currently, the price is sandwiched between the 50 and 100 Day EMAs in the 1-hour chart. The downward movement of the Moving is a sell signal.
As long as the currency remains below 1.1000 level the pair will fall towards 1.0900.
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