Currency is sandwiched between a moving average with period 89 (the resistance level of 1.3635) on the one hand and with an average period of 34 (the support level 1.3550) on the other, and is currently in the middle of the intersection with periods of 55 and 144.MACD histogram is located in the negative zone, but 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.
Despite two clear signals, as evidence 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 1.3640/50, which will open the path to levels of 1.3700/10 and 1.3750/60.
Otherwise, we will continue to observe the chaotic movement of EUR / USD.
Resistance levels: 1.3600/10, 1.3640/50, 1.3680, 1.3700/10, 1.3750/60, 1.3800/10, 1.3850/60
Current Price: 1.3580
Support levels: 1.3550, 1.3510/00, 1.3450, 1.3410/00, 1.3350, 1.3310/00, 1.3260/50, 1.3210/00
Translate this page
