25 august, 09:35EUR/USD. Forex technical analysis
At the au
ctions on Friday on August, 22nd the current rate and could not break level of resistance 1.4900 then sales of uniform European currency have renewed and already at the American session of the quotation have returned to a price range 1.4640-1.4830.
Today at the Asian session it was possible to observe continuation of descending euro movement in which course it has fallen in price more than on 90 points in relation to the American dollar.
Sliding averages 144 and 89 are the nearest levels of resistance 1.4750 and 1.4780. Histogram MACD is in a negative zone and specifies in possible further decrease in euro/dollar.
The possible purposes of bears - 1.4670/40 and 1.4580.
Resistance levels: 1.4740/50 1.4770/80, 1.4800/10 1.4840/50, 1.4900
Current price: 1.4722
Support levels: 1.4700, 1.4670, 1.4640 1.4610/00, 1.4580 1.4560/40, 1.4510/00