TipTVFinance

EUR/USD- Another attempt at 1.14 in the making?

FX:EURUSD   Euro / U.S. Dollar
An hour or so ahead of the ECB rate decision, EUR/USD             has turned positive on the day. There is very little the European Central Bank (ECB) can do as discussed in the ECB preview.

Daily Chart Technicals

  • Euro’s failure to sustain below 1.1293 (23.6% of May 2014 high-March 2015 low) followed by a move back above 5-DMA of 1.1309 coupled with daily RSI above 50.00 indicates the currency could move towards 1.1342-1.1376 levels.
  • A minor hiccup cannot be ruled out during Draghi’s press conference; however, dips could be met with fresh demand unless strong support 1.1270-1.1250 is taken out at least on hourly closing basis.
  • A daily close below the same would signal a continuation of fall from recent high of 1.1465 levels.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out