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| Technical Outlook For Eur-Usd |
Eur-Usd pair moved yesterday in the average price movement of 92 Pips, it recorded the highest level at 1.1309 and the lowest at 1.1215 and closed at 1.1224 to Lose 84 Pips during yesterday’s trading.
Eur-Usd opened today at 1.1224 oscillatory between the 1.1205 and the 1.1235 levels during Asian session in a trading average of 30 pips for the limitation of the market liquidity.
Eur-Usd is moving in a series of down corrective waves after breaking the price channel.
It is expected that the pair Eur-Usd will reach the targeted level at 1.1160 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.
We are waiting today for economic data from Euro Area and USA like European Minimum Bid Rate at 11:45 GMT and American Unemployment Claims at 12:30 GMT
Medium term trend: Down
Support levels: 1.1189 and 1.1155 and 1.1095
Resistance levels: 1.1283 and 1.1343 and 1.1377
More Technical Outlook FxStations
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