Forex

The current rate bargains the second week within the limits of a price range 1.4640-1.4830. At the auctions on Tuesday on August, 19th it is possible to observe double testing support level 1.4660/40 which and has not been break, that specifies in easing of bears force in the market. Last two trading sessions pass in rather narrow price range 1.4740-1.4800. Sliding average 144 is directed downwards and is the nearest considerable level of resistance 1.4800. Averages 89, 55 and 34 were crossed and are the nearest level of support 1.4730. Histogram MACD is in a positive zone and specifies in poorly expressed bear moods.

It is necessary to notice that in short-term prospect in the forex market poorly expressed bear moods on given currency pair remain, and they can amplify in case of breakdown support level 1.4640, in that case the further purposes will be located on 1.4570/50, 1.4500 and 1.4450.

Resistance levels: 1.4780 1.4800/10, 1.4840/50, 1.4900, 1.4920 1.4950/60, 1.4980, 1.5000

Current price: 1.4763

Support levels: 1.4740/30, 1.4700, 1.4680, 1.4650, 1.4630, 1.4600, 1.4580, 1.4550, 1.4530, 1.4500