9:43 AM
Unknown
Eur/Usd pair moved yesterday in the average price movement of 124 PIPs, it recorded the highest level at 1.1330 and the lowest at 1.1205 and closed at 1.1245 to lose 35 PIP according to positive of building permits from USA.
The
pair opened today at 1.1245 oscillatory between the 1.1239 and the
1.1266 levels during the Asian session in a trading average of 27 pips for
the limitation of the market liquidity, and in the European session the pair
went up to 1.1278 and till now we continue to keep our expectations that the
pair will achieve our target at 1.1410
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 1.1410 in
the next few hours, and we saw the pair finished the correction.
And
today at 19:00 we are looking for FOMC Economic Projections and Federal Funds
Rate.
The
Relative Strength Indicator "RSI" reveals that the accumulation
operations at the market and the control of Bulls on the market.
Medium
term trend: UP
Support
levels: 1.1190 and 1.1135 and 1.1065
Resistance
levels: 1.1315 and 1.1385 and 1.1440
For more Technical Outlook Fxstations .
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