Technical Outlook For Eur-Usd 3-8-2015

Technical Outlook For Eur-Usd 3-8-2015

Eur/Usd pair moved last Friday in the average price movement of 193 Pips, it recorded the highest level at 1.1113 and the lowest at 1.0920 and closed at 1.0981 to Gain 50 Pips during Friday’s trading after we saw the consumer prices held steady.

The pair opened today at 1.0969 oscillatory between the 1.0965 and the 1.0988 levels during the Asian session in a trading average of 23 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.0995

The pair is moving in a series of down corrective waves after breaking the parallel price channel.

It is expected that the pair Eur-usd will reach the targeted level at 1.1070 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: 1.0896 and 1.0811 and 1.0703

Resistance levels: 1.1089 and 1.1197 and 1.1282

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Technical Outlook for Eur-Usd 29-7-2015

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

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Technical Analysis for Eur-Usd 15-7-2015

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
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