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| Technical Outlook For Eur-Usd 20-8-2015 |
Eur/Usd pair moved yesterday in the average price movement of 116 Pips, it recorded the highest level at 1.1133 and the lowest at 1.1017and closed at 1.1118 to gain 98 Pips during yesterday’s trading according to the economic data.
Eur-Usd pair opened today at 1.1118 oscillatory between the 1.1147 and the 1.1113 levels during the Asian session in a trading average of 34 pips for the limitation of the market liquidity.
Eur-Usd pair is moving in a series of up corrective waves after breaking the Triangle.
it is now inside wedge.
It is expected that the pair eur-usd will reach the targeted level at 1.1028 in the next few hours.
The Relative Strength Indicator "RSI" reveals the accumulation operations at the market and until Now we are seeing the control of bulls on the market.
Medium term trend: up
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