TipTVFinance

EUR/USD – Trapped between trend lines

FX:EURUSD   Euro / U.S. Dollar
Weekly chart shows, the spot is trapped between rising trend line drawn from Dec low and Mar low & descending trend line drawn from May high and June high. Both levels are noted at 1.1340 and 1.1185.

Pairs’ rebound from 1.1264 (50% Fibonacci retracement of 1.1616-1.0911) with a rising 10-DMA suggests prices are likely to retest 5-DMA level of 1.13 handle. A day end close above 1.13 today would open doors for re-test of last week’ high of 1.1366.

On the lower side, only a break below 1.1264 on day end closing basis could yield further retreated towards 1.12-1.1144 (50-DMA).
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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