Thursday, June 25, 2015

Technical Outlook for EUR/USD 25-6-2015

Technical Outlook for EUR/USD 25-6-2015
Technical Outlook for EUR/USD 25-6-2015


Eur/Usd pair moved yesterday in the average price movement of 75 Pips, it recorded the highest level at 1.1235 and the lowest at 1.1160 and closed at 1.1203 to Gain 36 PIP According to Concern about the Greek case.

The pair opened today at 1.1204 oscillatory between the 1.1183 and the 1.1220 levels during the Asian session in a trading average of 37 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.1230.

The pair is moving in a series of up impulse waves in a Parallel price channel.

It is expected that the pair Eur /usd will reach the targeted level at 1.1120 in the next few hours.

And today at 13:30 we are looking for Unemployment Claims from USA.

The Relative Strength Indicator "RSI" reveals that the distribution operations at the market and the control of Bears on the market.

Medium term trend: UP

Support levels: 1.1163 and 1.1124 and 1.1088

Resistance levels: 1.1238 and 1.1274 and 1.1313

For More Technical Outlook FxStations

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