EUR/USD Technical Analysis: Longest Win Streak in 4 Months

| 12 augusti, 2015 | 0 kommentarer

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

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.0988, 1.0875, 1.0818
  • Resistance: 1.1047, 1.1121, 1.1195

The Euro is working on a sixth consecutive day of gains against the US Dollar after rebounding from five-month trend line support. A daily close above the 38.2% Fibonacci retracementat 1.1047 exposes the 50% level at 1.1121. Alternatively, a move below a horizontal pivot at 1.0988 opens the door for a test of rising trend line support at 1.0875.

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: Longest Win Streak in 4 Months

— Written by Ilya Spivak, Currency Strategist for DailyFX.com

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 *