Currency entrenched above the moving averages with periods of 144, 55 and 34, which are now near support levels 1.3590, 1.3575 and 1.3540, but still is below average with a period of 89 (the resistance level of 1.3625).MACD histogram crossed the zero line from the bottom up, now is the positive zone and above its signal line, continues to gradually rise, and thus sends a signal to buy EUR / USD.
Stochastic Oscillator is in the overbought zone and generates a similar signal as the% K line rises above the% D.
Therefore, as a confirmation of what the forex market in this currency pair may be amplified in bullish sentiment, we can only wait for the breakdown of the resistance level of 1.3640/50, which will open the path to levels of 1.3700/10 and 1.3750/60.
Resistance levels: 1.3625, 1.3640/50, 1.3680, 1.3700/10, 1.3750/60, 1.3800/10, 1.3850/60
Current Price: 1.3610
Support levels: 1.3600, 1.3575, 1.3550, 1.3510/00, 1.3450, 1.3410/00, 1.3350, 1.3310/00
Translate this page
