1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

EURUSD retreated by continued tame inflation pressure in EU

Discussion in 'Current Market Sentiments' started by fx-recommends, Jan 6, 2016.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
    Likes Received:
    EURUSD Daily 06-01-2016 06-30-49 ص.jpg
    EURUSD slide below 1.0793 supporting level which could prop it up on last Dec. 7 caused increasing of the downside momentum drove the pair down to 1.0709, before re-stabilizing near 1.0750 during today Asian session.

    EURUSD daily Stochastic Oscillator (5, 3, 3) which is sensitive to the volatility is having now its main line in the oversold region below 20 reading 17.074 and also its signal line which is reading 18.262, despite the rebounding from 1.0709.

    EURUSD dived again below its Daily SMA50 with continued existence below its daily SMA100 and daily MA200 and today is the fourth consecutive day of being below its daily Parabolic SAR (step 0.02, maximum 0.2) is reading now 1.1023, after 3 dark days.

    Important levels: Daily MA50 @ 1.0823, Daily MA100 @ 1.0039 and Daily MA200 @ 1.0044


    S1: 1.0709
    S2: 1.0519
    S3: 1.0461
    R1: 1.0991
    R2: 1.1058
    R3: 1.1093

    Have a good day

    Walid Salah El din
    Senior Market Analyst
    Skype : chief.economist.walid

    Tel: UK. +44 1138590277
    Mob: EGY. +20 1224659143

    To open your account at Trade-24 - Click here

Share This Page