29 august, 11:00The technical analysis of the forex market. Euro
The uniform European currency continues to bargain within the limits of a short-term descending trading corridor. It is necessary to notice that the third day the auctions pass in rather narrow price range 1.4670-1.4800 that specifies in a certain uncertainty in the market.
Sliding average 144 is the nearest level of resistance 1.4750. Averages 34,55 and 89 - are the nearest levels of support 1.4730, 1.4725 and 1.4715. Histogram MACD is near zero marks. In the circumstances it is better to refrain from opening new orders. That who is guided by opening of new break orders- is better to wait breakdown resistance level 1.4800.
Resistance levels: 1.4750 1.4770/80, 1.4800/10 1.4840/50, 1.4870, 1.4900 1.4920/40
Current price: 1.4746
Support levels: 1.4730, 1.4700, 1.4670, 1.4640 1.4610/00, 1.4580 1.4560/40, 1.4510/00