novvoll12

EURUSD neutral – Bounces off triangle support

FX:EURUSD   Euro Fx/U.S. Dollar
EUR
46 0 0
eur
EURUSD             1.1236 – neutral – Bounces off triangle support

EURUSD             is consolidating within a 5-week triangle range. The pair bounced off the 1.1104 support (September 23, 2015 low) through 1.1185 (200 day moving average)
to probe the 20 day moving average currently at 1.1233 which has been capping the last 5 days’ trading. Below 1.1104 would weaken towards 1.1016 (August 18, 2015 low) near the 6-month rising channel support.
However, a decisive break above the 1.1233 area would suggest there is scope for further momentum towards 1.1295 (September 24, 2015 range high) then 1.1323 (61.8% of the 1.1459/1.1104 fall) near term.
Outlook:
Intraday: neutral
Daily: neutral
Weekly: neutral

United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out