Technical Analysis Report - EUR/USD
15/08/2016 // 05:44:13 am
The euro gained position in the market supported by weak U.S statistics. Retail Sales and PPI index results were worse than expected.
The market started with euro flexing its strength but at the end of the day, USD reversed and pushed the EUR/USD down. The price gained back to the levels where it was before the Retail Sales and PPI releases. The resistance is observed at 1.1200, the support exists at 1.1130.
MACD exists in the positive territory. the decrease in MACD points to the weakening position of the buyers. RSI bounced from the overbought area and is heading to the downwards.
The price moving around and above the 50, 100 and 200 EMAs which are still forming a narrow channel in the 4 hours chart. The direction of the moving averages is pointing towards north.
Seller may start to hold the regime in the market push the pair to resume its downward trajectory. The price may fall below 1.1130 to test the 1.1080 support level.
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