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EUR/USD: general analysis

FX:EURUSD   Euro / U.S. Dollar
66 0 4
Current trend

The EUR/USD             pair is moving up and strengthened by 35 points in the previous trading session. Yesterday US macroeconomic statistics had almost no influence on dynamics in the pair. It should, nevertheless, be noted that the number of initial jobless claims remained unchanged at 254,000 while economists expected an increase to 265,000. Today market participants will be following data on the Consumer Price Index and Retail Sales, due in the US at 2:30 pm (GMT+2).

Support and resistance

Bollinger Bands on the 4-hour chart is directed up. MACD histogram is in the positive zone, and its volumes are growing.

The indicators recommend long positions.

Support levels: 1.1115, 1.1087, 1.1050, 1.1010.
Resistance levels: 1.1148, 1.1185, 1.1220, 1.1276.

Trading tips

Long positions can be opened above the level of 1.1148 with targets at 1.1185 and 1.1220.
Short positions can be opened below the level of 1.1087 with targets at 1.1050 and 1.1010.
More analytic from LiteForex:
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