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The trendline resistance extension from 1.3992 to 1.1712 dropped EURUSD again

Discussion in 'Current Market Sentiments' started by fx-recommends, Feb 1, 2016.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
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    EURUSD Daily 01-02-2016 06-57-21 ص.jpg
    EURUSD has faced difficulty again to be above the trendline resistance extension from 1.3992 to 1.1712.

    EURUSD which is trading close to 1.0850 is in meeting now with its daily SMA50, after failing to have a place above its daily SMA100.

    The pair parameters are still referring to balanced situation having its daily RSI-14 in the neutral region reading now 47.727 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 47.185 leading to the downside its signal line which is reading now 58.662.

    The pair is now in its day number 12 of continued existence above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.0763.

    Important levels: Daily SMA50 @ 1.0849, Daily SMA100 @ 1.0967 and Daily SMA200 @ 1.1053


    S1: 1.0776
    S2: 1.0709
    S3: 1.0519
    R1: 1.0991
    R2: 1.1058
    R3: 1.1098

    Have a good day

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

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

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