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| Technical Analysis for Eur-Usd 13-7-2015 |
Eur/Usd pair moved yesterday in the average price movement of 172 PIPs, it recorded the highest level at 1.1215 and the lowest at 1.1043 and closed at 1.1152 to Gain 106 PIPs after we saw Signs of hope to end Greek crisis.
The pair opened today at 1.1136 oscillatory between the 1.1108 and the 1.1150 levels during the Asian session in a trading average of 42 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.1196 and then fall down again to 1.1053
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.
It is expected that the pair eur/usd will reach the targeted level at 1.1000 in the next few hours.
Today we are looking for Euro group Meetings.
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: 1.1058 and 1.0964 and 1.0886
Resistance levels: 1.1230 and 1.1308 and 1.1402
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