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| Technical Outlook For Eur-Usd 3-8-2015 |
Eur/Usd pair moved last Friday in the average price movement of 193 Pips, it recorded the highest level at 1.1113 and the lowest at 1.0920 and closed at 1.0981 to Gain 50 Pips during Friday’s trading after we saw the consumer prices held steady.
The pair opened today at 1.0969 oscillatory between the 1.0965 and the 1.0988 levels during the Asian session in a trading average of 23 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.0995
The pair is moving in a series of down corrective waves after breaking the parallel price channel.
It is expected that the pair Eur-usd will reach the targeted level at 1.1070 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: Down
Support levels: 1.0896 and 1.0811 and 1.0703
Resistance levels: 1.1089 and 1.1197 and 1.1282
More Technical Outlook FxStations
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