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| Technical Outlook For EUR-USD 17-8-2015 |
Eur/Usd pair moved last Friday in the average price movement of 91 Pips, it recorded the highest level at 1.1187 and the lowest at 1.1096 and closed at 1.1109 to Lose 40 Pips during Friday’s trading according to the economic data.
The pair opened today at 1.1114 oscillatory between the 1.1080 and the 1.1118 levels during the Asian session in a trading average of 38 pips for the limitation of the market liquidity, and in the European session the pair went down to 1.1061
The pair is moving in a series of up impulse waves after breaking the wedge.
We saw the pair achieved our target at 1.1190
It is expected that the pair Eur-Usd will reach the targeted level at 1.1025 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: up
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