FXstreet.com (Chicago)
- EUR/USD extends the bearish trendline
from yesterday to now accumulate
over 170 pips lost throughout the week.
Go now ---> FXCC
According to the FXstreet.com analyst, Valeria Bednarik,
“after non-dovish FED, a batch on negative European
data finally took its’ toll on the EUR/USD sending
the pair down to a daily low of 1.3583, where it stands.
The strong drop in EU inflation was probably
the main cause of this slide ahead on next week
ECB meeting and the possibility of a more
accommodative ECB stance then.
The hourly chart shows no technical signs
the pair is willing to correct higher,
as indicators hold in oversold readings
and price below 1.3600.
In the 4 hours chart the bearish momentum also prevails,
with a break below mentioned low,
exposing 1.3540 in the short term.”
Go now ---> FXCC
EUR/USD Technical Levels
Price action reveals the continuation of a steep fall
after retracement from the 1.3820 zone.
Offered at 1.3566, the pair bounces off 1.3560 lows
and navigates between the supports
aligned at 1.3548 (October 23rd highs),
1.3478 (October 15th lows) ahead of 1.34 (October 9th highs)
and the resistances set at 1.36 (October 13th highs),
1.3649 (October 21st lows) followed by 1.37 (October 17th highs).
Go now ---> FXCC
- EUR/USD extends the bearish trendline
from yesterday to now accumulate
over 170 pips lost throughout the week.
Go now ---> FXCC
According to the FXstreet.com analyst, Valeria Bednarik,
“after non-dovish FED, a batch on negative European
data finally took its’ toll on the EUR/USD sending
the pair down to a daily low of 1.3583, where it stands.
The strong drop in EU inflation was probably
the main cause of this slide ahead on next week
ECB meeting and the possibility of a more
accommodative ECB stance then.
The hourly chart shows no technical signs
the pair is willing to correct higher,
as indicators hold in oversold readings
and price below 1.3600.
In the 4 hours chart the bearish momentum also prevails,
with a break below mentioned low,
exposing 1.3540 in the short term.”
Go now ---> FXCC
EUR/USD Technical Levels
Price action reveals the continuation of a steep fall
after retracement from the 1.3820 zone.
Offered at 1.3566, the pair bounces off 1.3560 lows
and navigates between the supports
aligned at 1.3548 (October 23rd highs),
1.3478 (October 15th lows) ahead of 1.34 (October 9th highs)
and the resistances set at 1.36 (October 13th highs),
1.3649 (October 21st lows) followed by 1.37 (October 17th highs).
Go now ---> FXCC
No comments:
Post a Comment