Exchange rate still is above the moving averages with periods of 34, 55, 89 and 144, which are directed upward and points to the continued bullish sentiment, as well as the next support levels are 1.4030, 1.3980, 1.3950 and 1.3850.MACD histogram is located in the positive zone and above its signal line, but began to decline very gradually, and thus points to a gradual decay of bull sentiment.
Stochastic Oscillator is in the overbought zone and forms a clear signal not to sell EUR / USD, since the% K line only crossed the line% D top-down, but not yet started fall below it.
The absence of clear signals, leads us to the fact that the most correct decision now - to stay out of the forex market and focus on the next strong support and resistance levels.
There are two options:
1. Breakdown of the local max 1.4242 and rising EUR / USD to levels of 1.4300/20 and 1.4350/60.
2. Break of 1.4180 support level and the correction to the levels of 1.4140 and 1.4090/80.
Resistance levels: 1.4240/50, 1.4275, 1.4300, 1.4320, 1.4350/60
Current Price: 1.4215
Support levels: 1.4180, 1.4140, 1.4090/80, 1.4050, 1.4035, 1.4010/00
Translate this page
