The chart shows how perfectly the timing was when the euro was supported while sliding on the support zone.
Expect volatility to continue in the most liquid market on the planet.
Support: 1.09800
Resistance: 1.16000
Wednesday, June 3, 2015
EURUSD in a perfect tramline
Yesterday's bullish price action in the euro added 279 pips to the EURUSD pair. The gain resulted over the rumors that a deal on the Greek debt had been reached. The size of the move was incredible as the U.S. Dollar dropped by almost 3%. Today, the euro kept on going in the same direction and gained another 100 pips, as traders and investors eye the 1.13 level.
The chart shows how perfectly the timing was when the euro was supported while sliding on the support zone.
Expect volatility to continue in the most liquid market on the planet.
Support: 1.09800
Resistance: 1.16000
The chart shows how perfectly the timing was when the euro was supported while sliding on the support zone.
Expect volatility to continue in the most liquid market on the planet.
Support: 1.09800
Resistance: 1.16000
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I think EUR/USD is headed for 1.1440.
ReplyDeleteVery useful analysis, thank you.
ReplyDeleteExcellent analysis!
ReplyDeleteEUR / USD had a sharp rise on Tuesday breaking three resistances at once.
ReplyDeleteGood upward channel.
ReplyDeleteEur/Usd is heading to the resistance level.
ReplyDeleteThanks for such an informative analysis.
ReplyDeleteVery useful information.
ReplyDelete