RobertPapon

Analysis and forecasts for EUR / USD 24/02/16

FX:EURUSD   Euro / U.S. Dollar
In the last few hours we have witnessed a test of support at 1.10, but the supply side has not led to its break. Currency pair found support at 1.0990. In the next few hours, it is possible to again attack the supply side and on the results of the test 1.10 level will determine the future direction of trading Eurodollar. From a technical point of view, demand should strongly defend the fundamental support but the situation is not conducive to this. Thus breaking the 1.10 level opens the way towards the 1.0945 level. In contrast, the target ranges for the above scenario, I would look around the 1.08 level.

Alternative version of the defense implies support and then removing attacking towards Tuesday's high of 1.1052. Further demand should move towards resistance levels are located at 1.1090 and 1,1066-1,1071.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out