Technical Analysis Report - EUR/USD
11/08/2016 // 07:45:32 am
Wednesday saw the Euro regained its position in the market at the likelihood of a possible rate hike later this year.
The euro bounced back from its position and climbed north. The resistance is observed at 1.1200, the support stands at 1.1130.
MACD is pointing to the weakening position of the sellers. RSI approached the overbought area.
A narrow range is formed by the 50, 100 and 200 EMAs are forming a narrow range in the 4-hours chart. The price is heading from the moving averages in the mentioned time frame.
If the EUR/USD does make a breakout at that level 1.1200, it is expected to grow to the level 1.1270. Else, the pair will fall to 1.1050.
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