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| Technical Outlook for EUR-USD 27-7-2015 |
Eur/Usd pair moved last Friday in the average price movement of 70 Pips, it recorded the highest level at 1.0995 and the lowest at 1.0924 and closed at 1.0977 to Lose just seven Pips during Friday’s trading after according to economic data.
The pair opened today at 1.0981 oscillatory between the 1.0968 and the 1.1014 levels during the Asian session in a trading average of 46 pips for the limitation of the market liquidity.
The pair is moving in a series of up impulse waves above the ascending trend line and above 50% fibo.
It is expected that the pair Eur-usd will reach the targeted level at 1.1100 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: Down
Support levels: 1.0935 and 1.0894 and 1.0864
Resistance levels: 1.1006 and 1.1036 and 1.1077
More Technical Outlook FxStations
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