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| Technical Analysis for Dow Jones 28-7-2015 |
Dow Jones moved yesterday in the average movement of 226 pips, its highest level at 17544 and the lowest Level at 17317 and closed at 17393 to lose 128 pips during yesterday’s trading.
Dow opened today's trading at 17411 volatile between 17380 and 17445 during the Asian session trading at 65 Pips for the poor liquidity in the market range, and in the European session the dow went down to 17484.
Dow moves in a series of down corrective waves after breaking the parallel price channel.
We saw the Dow achieved our target at 17320
It is expected that the Dow is heading targeting 17290 as the target on time frame of four hours and until now we see the Bears control on market direction
And the Relative Strength Indicator "RSI" show us distribution operations at the market
Today we could see sharp trading because of the economic data from the USA
Support levels: 17292 and 17191 and 17065
Resistance levels: 17519 and 17645 and 17746
More Technical Outlook FxStations
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