EUR/USD Technical Analysis: Euro Tries to Trigger Bounce

| 10 augusti, 2015 | 0 kommentarer

To receive Ilya’s analysis directly via email, please SIGN UP HERE

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.0866, 1.0814, 1.0740
  • Resistance: 1.0980, 1.1037, 1.1128

The Euro is attempting to launch a recovery having tested five-month rising trend line support against the US Dollar. A daily close above the 23.6%Fibonacci expansion at 1.0980 exposes the 14.6% level at 1.1037. Alternatively, a push below the 1.0866-88 area (trend line, 38.2% Fib) opens the door for a test of the 1.0814-18 zone (50% expansion, May 27 low).

The available trading range is too narrow to justify entering a trade in line with our long-term outlook from a risk/reward perspective.With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

EUR/USD Technical Analysis: Euro Tries to Trigger Bounce

— Written by Ilya Spivak, Currency Strategist for

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

E-postadressen publiceras inte. Obligatoriska fält är märkta *