EUR/USD restrains momentary bulls at 21-DMA and EMAs

FX:EURUSD   Fx Euro/Dolar U.S.
Dilihat 180 kali
180 0
The dollar has begun the trading week’s extended gains, as the pair rejects the resistance at 1.1213 levels (it has tested resistance several times in the past).

Despite attempts of upswings 21DMA acting as stiff resistance, major trend drifting through sideways.

Current prices test supports at 1.1149 levels bounces back.

Major non-directional trend long lasting, likely to prevail further.

RSI (14) on both daily as well as monthly charts is diverging to the current rallies and being bearish bias. The environment has resulted in the selling momentum when prices touched 57 levels by taking the computation of last 14 day periods the magnitude of recent gains to recent losses in an attempt to signify the overbought pressures.

While slow stochastic curves are highly indecisive to signal clear trend direction.

We think the pair from here onwards largely bearish , if it doesn't manage to hold onto the current level, then the next strong support can be seen at 1.1080 levels in short term.

Long-term investors should be cautious, even if it holds the current levels, we see restricted upside potential at 21EMAs, at this juncture momentum in previous rallies likely to collapse, the long term non-directional trend seems intact. Hence, in the long run, we still project below cyclical lows 1.10 but between the range of 1.08-1.09 by the Q1'2017 end. On intraday speculation purpose, buy one touch binary calls on every dip but failure swings do not encourage these trades, thus, be mindful of 21DMAs.
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikut Mesej Peribadi Perbualan Daftar Keluar