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| Technical Analysis for Eur-Usd 15-7-2015 |
Eur/Usd pair moved yesterday in the average price movement of 117 PIPs, it recorded the highest level at 1.1082 and the lowest at 1.0965 and closed at 1.1006 to Gain Just 3 PIPs during yesterday’s trading after negative Core Retail Sales m/m from USA
The pair opened today at 1.1006 oscillatory between the 1.0989 and the 1.1027 levels during the Asian session in a trading average of 38 pips for the limitation of the market liquidity.
The pair is moving in a series of down corrective waves after breaking the price channel, and we saw the pair retested the broken limit, so it is expected to fall down to lows again.
We saw the pair achieved our target at 1.1000.
It is expected that the pair eur/usd will reach the targeted level at 1.0890 in the next few hours.
Today at 12:30 we are looking for PPI m/m from USA.
The Relative Strength Indicator "RSI" reveals the distribution operations at the market and till now we are seeing the control of Bears on the market.
Medium term trend: Down
Support levels: 1.0953 and 1.0900 and 1.0836
Resistance levels: 1.1070 and 1.1134 and 1.1187
For More Technical Outlook FxStations
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