For: / (Daily)

Euro

EUR/USD

The EUR/USD saw action Wednesday tapping a low at 1.1156.

The bias is Bearish near term testing at 1.1130, price is still moving inside a triangle formation indicating consolidation mode.

A clear break below the triangle and support at 1.1130 could trigger more Bearish pressure testing to 1.1080, Key support is seen around 1.1000 – 1.0950 which remains a good place to buy with a tight stop loss.

1st resistance is seen at 1.1200. A clear break above that mark could lead to Neutral near term testing at 1.1300.

The potential daily Thursday is between 1.1130 – 1.1300.

Again, overall technical outlook is Neutral, standing aside.

 Technical analysis is a method of forecasting price movements by looking at purely market-generated data. Price data from a particular market is most commonly the type of information analyzed by a technical

Stay tuned…

Tags

 
 
 
 

Enjoy this site? Please spread the word :)

RSS
EMAIL
SHARE