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EURUSD spent most of this week trading times close to 1.088

Discussion in 'Current Market Sentiments' started by fx-recommends, Jan 15, 2016.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
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    EURUSD Daily 15-01-2016 07-27-50 ص.jpg
    EURUSD has spent most of this week trading times close to 1.0880, after finding support at 1.0709 following retreating from 1.0968.

    The pair is still keeping a place for trading above its daily SMA50 but with continued existence below its daily SMA100 and daily MA200.

    The pair is still trading below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.0941 in its eleventh consecutive day of being above the trading rate with continued existence below the trendline resistance extension from 1.3992 to 1.1712.

    While the pair parameters are showing now balanced situation having its daily RSI in the middle of the neutral reading 50.744 and also its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the neutral region reading 46.513 with its signal line which is reading 50.732.

    Important levels: Daily MA50 @ 1.0814, Daily MA100 @ 1.1006 and Daily MA200 @ 1.1047


    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

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