FX:EURUSD   Euro Fx/U.S. Dollar
44 0 4
The bearish tendency last week on daily timeframe
was halted to the end of the week and price returned
to a neutral trend, inside the cloud. The bullish MACD cross
on Weekly timeframe adds resiliance to downward price action.
Next week important resistance stands at 1,11-1,1150 which
is the lower cloud, Monthly R1 and Yearly PP. This zone is
the confluence resistance and it will be hard to break it at a first
attempt. It may also be a good level to short the pair if
sell signals appear here. However, it looks like, from daily
timeframe, that price will continue to range for some time.
Support stands at 1,0815 Monthly PP, 1,0565 Monthly S1,
lower Bollinger Band and previous low.

The PA since March 2015 can be treated as a range between
1,05-1,14.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out