empty
 
 
21.07.2014 03:51 AM
Forecast of EUR/USD for the week July 21-25, 2014

This image is no longer relevant

The pair touched the weekly support trend line. In the last week's session the pair hit the 1.3575 level which turns out to be heavy resistance and hit the 1.35 levels as well. But at the end of the day on Friday, it closed above 1.35 levels. This week, the first trading day in Asia's session the pair is trading at 1.3530 levels.

Positive flicks-

The pair is trading above 1.35.

The daily RSI is indicating positive divergence.

Negative flicks-

Trading below the 20 DSma, 50 DSma, 50 WSma, 100DSma, and 200 DEma.

The nearest resistance is at 1.3575.

This image is no longer relevant

The pair is supported by buying interest below 1.35 levels. It has the nearest support level at 1.3477, below this, 1.3425 (200 WEma) and 1.34 (50 MSma). The current week's trading pattern is framed between 1.3477-1.3575 levels.

Until the pair trades below 1.3575, the weekly view favors the negative side.

Until the pair trades below 1.37, the short-term trend will move more down side towards 1.3420 and 1.32 levels.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback