Tifia_Investments_Limited
Short

EUR/USD: general analysis

FX:EURUSD   Euro/U.S. Dollar
50 0 1
Current trend
Last week, the EUR/USD             pair lost more than 150 points and, after a slight correction at the level of 1.0840, is trading at the level of 1.0870.
Non-farm Payrolls statistics is due today in the US. Experts expect a strong growth in the number of new jobs, thus, the EUR/USD             pair will be pressured further down.
Support and resistance
At present, the pair is trading between the support level of 1.0835 (0.0% Fibonacci correction and the lower MA of Bollinger Bands ) and the resistance level of 1.0900.
MACD histogram is in the negative zone. Bollinger Bands is directed down and indicates that the volatility in the EUR/USD             pair is low.
Trading tips
Short positions can be opened from the current levels with the target at 1.0835 and trailing-stop 15 points away.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out