Friday, February 26, 2016

EUR/USD In a Tight Range

The EUR/USD is having a hard time deciding where to go from here. The pair is currently stuck between the 200SMA and the lower trend line which acts as a strong support.

The EUR/USD pierced the 200SMA and reached 1.1068 in today's early hours only to fall below the moving average and is currently trading at 1.1017.

Main trend still remains bullish, but in order for it to be confirmed we have to see price bouncing from current level and closing above 1.1060 until the end of the next week.

First major bullish target is 1.14, while first major bearish target is 1.08.

Chart: EUR/USD D1


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5 comments:

  1. UnknownFebruary 26, 2016 at 7:12 PM

    The pair finally broke below 1.1000 and is falling towards 1.0900.

    ReplyDelete
  2. UnknownFebruary 27, 2016 at 12:43 AM

    The trend seems to be losing strength.

    ReplyDelete
  3. UnknownFebruary 27, 2016 at 3:21 PM

    The trend seems to fall all the way.

    ReplyDelete
  4. UnknownFebruary 29, 2016 at 1:21 AM

    Immediate support can be found at 1.0900 level.

    ReplyDelete
  5. UnknownMarch 2, 2016 at 4:16 AM

    The trend is still bearish.

    ReplyDelete

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