EURUSD: Towards a last try to 1.385

FX:EURUSD   Euro / U.S. Dollar
On my previous studies, I have underlined two important issues. First issue was the importance of 1.355 level. This is a very solid support and resistance level. Since this level has not been broken, and baring in mind the technical indicators such Stoch or W%R are showing that we are in an oversold situation, unless there is a tremendous political decision that could reshape the landscape, EURUSD             will try to make a last try on the upside.
The second issue is the target which is 1.385. Since FED decided not to increase the interest rate, and market has already bought for a long time the decrease of ECB interest rate, there is a clear path towards 1.385.
Concerning the chart, we are clearly in a falling range as one may see on the chart, is is even more obvious on a daily chart . Therefore, we can think about a final try of EUR towards 1.385. If 1.355 is broken, we need to watch out 1.3525 and 1.35. If Euro             is moving to that direction, then, the next stop is at about 1.34XX which means that the last try will not happen.
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