Tuesday, February 8, 2011

Forex news EUR/USD:Bulls do not give up

Currency is sandwiched between the moving average 89, 55 and 34 (resistance levels are 1.3625 and 1.3690) on the one hand, and the average with a period of 144 (1.3440/30 level of support) with another.
MACD histogram is located in the negative zone at the moment trying to cross its signal line upwards and thereby generate a signal to buy EUR / USD.
Stochastic Oscillator is in the neutral zone and already generates a signal as the% K line rises above the% D.
Because, trust only one clear signal is very risky, then as a confirmation that the forex market in this currency pair may be amplified in bullish mood, we need to wait for the breakdown of the resistance level of 1.3625/40, which will open the path to levels of 1.3700/10 and 1.3750 / 60.
Resistance levels: 1.3625/40, 1.3670, 1.3700/10, 1.3750/60, 1.3800/10
Current Price: 1.3613
Support levels: 1.3600, 1.3580/70, 1.3550, 1.3510/00, 1.3450, 1.3410/00

Translate this page

Search This Blog