View Single Post
Old 20-03-2017, 08:39
xtreamforex's Avatar
xtreamforex xtreamforex is offline
Level IV Lasers Member
Join Date: Oct 2015
Location: Cyprus
Posts: 260
Default Daily Forex Technical Analysis

EUR/USD analysis: bullish strength eases, but downward scope still limited

The EUR/USD pair retreated on Friday from a fresh 1-month high of 1.0782, but settled well above the 1.0700 threshold, as broad dollar’s weakness dominated the FX board, following Fed’s monetary policy meeting.

Technical Overview:

Prev. Close: 1.0738

Open: 1.0738

Day’s Range: 1.0734 – 1.0762

52 wk Range: 1.0339 – 1.1616

1-Year Change: – 4.61%

Support and Resistance:

Daily Camarilla Technical analysis shows that EUR/USD pair may find the immediate support at 1.0757. below which 1.0756 and 1.0755 could be tested. On the other side the immediate resistance 1.0759 and may go for further test 1.0760. A break beyond the last, doors will open for a test of 1.0761.

Technical Indicators:

Buy: 8 Sell: 0 Neutral: 3


Upcoming Economic News:

EUR – German PPI m/m

EUR – German Buba Monthly Report

EUR – German Buba President Weidmann Speaks

Read more @
Reply With Quote