Technical Analysis

EURUSD assessments the 61.eight% of the transfer up from the December low

The worth stayed beneath the 200 hour MA on the correction in the present day

The EURUSD is down testing the 61.eight% of the transfer up from the December low. That stage is available in at 1.1383 and the value simply reached that stage (low for the day). 


The pair is following the GBPUSDs transfer decrease, though at a slower tempo. The EURGBP is transferring and buying and selling on the highs for the day. 

The EURUSD just isn’t with out Brexit vote threat. 

Techncally in the present day, the transfer decrease was triggered in the present day on the autumn beneath the 200 hour MA. The corrective transfer increased this morning, took the value again to the previous help stage, that’s now resistance.   Nonetheless, sellers confirmed up about 5 or so pips from the MA stage, and the sellers took again management.  

A transfer again above the 200 and 100 hour MAs via the vote could be extra bullish for the pair.  The 1.1500 stage is one other goal to get to and thru for the consumers to take much more management. 

On the draw back, the 1.1336-50 is a swing low stage (see decrease yellow space) that if damaged, would improve the bearish bias.  
ForexLive


Clickbank Promo Tools
Wiadforex
Wiadforex is a big online financial news, technical, fundamental analysis, trade ideas, option and educational site with a focus on Nigeria, Africa and world in general. This is an independent online forex platform. That is publish by Wiad Consultancy Services
http://www.wiadforex.com

Leave a Reply

Your email address will not be published. Required fields are marked *


Recommended Clickbank Products