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Forex

22 august, 09:00
EUR. Forex technical analysis

 

 The curreurent rate bargains the second week within the limits of a price range 1.4640-1.4800. Sliding averages 144 and 34 are the nearest levels of support 1.4770 and 1.4750. Histogram MACD is in a positive zone and specifies in possible growth of euro in relation to the American dollar.

 At present it is possible to observe repeated testing resistance level, earlier it has been tested on August, 19th and 20. In case of the given level breakdown it is possible to expect strengthening of the bull moods. The possible purposes of bulls will be located on 1.4875 and 1.4950.

 In case of a release from the given level the auctions still will pass in above specified range.

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

 Current price: 1.4790

 Support levels: 1.4780/70, 1.4750, 1.4730, 1.4700, 1.4680, 1.4650, 1.4630, 1.4600

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