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| Technical Outlook for Eur-Usd 29-7-2015 |
Eur/Usd pair moved yesterday in the average price movement of 77 Pips, it recorded the highest level at 1.1098 and the lowest at 1.1021 and closed at 1.1058 to lose 27 Pips during Yesterday’s trading according to economic data.
The pair opened today at 1.1058 oscillatory between the 1.1057 and the 1.1083 levels during the Asian session in a trading average of 26 pips for the limitation of the market liquidity.
The pair is moving in a series of up impulse waves in a parallel price channel and above 50% fibo.
It is expected that the pair Eur-Usd will reach the targeted level at 1.0953 in the next few hours.
The Relative Strength Indicator "RSI" reveals the distribution operations at the market and until
Now we are seeing the control of Bears on the market.
Medium term trend: Down
Support levels: 1.1020 and 1.0982 and 1.0943
Resistance levels: 1.1097 and 1.1136 and 1.1174
More Technical Outlook Fxstations
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