Currency entrenched below the moving average with a period of 34 (now a resistance level of 1.3660) but still situated above the moving averages with periods of 55, 89 and 144, which are directed upward and points to the continued bullish sentiment, as well as are a number of support levels 1.3580, 1.3420 and 1.3340.
MACD histogram is located in the positive zone, but below its signal line, continues to gradually decline, and thereby sends a signal to sell the euro.
Stochastic oscillator is in oversold territory and currently does not generate clear signals.
Because, trust only one clear signal is very risky, then as a confirmation that the forex market in a given currency pair again could intensify downward correctional movement, we need to wait for the breakdown of the support level of 1.3580/70, which will open the path to levels of 1.3510/00 and 1.3450.
Resistance levels: 1.3640, 1.3660, 1.3700/10, 1.3750/60
Current Price: 1.3607
Support levels: 1.3600, 1.3580/70, 1.3550, 1.3510/00, 1.3450
Translate this page
