empty
 
 
17.07.2014 02:22 AM
Technical analysis of EUR/USD for July 17, 2014

EUR/USD

The US dollar continued its rally due to Federal Chairwoman Yellen testimony. The EUR/USD pair continues sliding to the previous swing low at 1.35 levels. A break below 1.35 will trigger many sl and we can see a panic situation with an intermediate support at 1.3477 levels. On the down side, the pair has strong support at 1.35, 1.3477 and 1.3420 (weekly 200S/Ema). On the upside, it has strong resistance at 1.37 (monthly resistance). As we recommended earlier (to sell at 1.3646 with a target at 1.3525), yesterday it was completed. The pair made a low at 1.3520 levels.

Support: 1.35, 1.3477, 1.3420/1.34.

Resistance: 1.3651, 1.37.

This image is no longer relevant

A free fall mode will trigger below 1.34 (50MSma) for a downside target at 1.3220 levels. The weekly and monthly momentum oscillators are indicating a sell mode. So, the short-term outlook favors bears until it breaches the 1.37 levels. The pair is trying to hold the weekly support trend line, if it breaches, it can damage more in next few weeks.

This image is no longer relevant

The hourly momentum oscillators are indicating an oversold level, expecting the previous support to hold for a while between 1.3520-1.35 levels. The pair has strong resistance at 1.3560 and 1.3575 levels. Until the pair trades below the following levels, bears will mint the money.

35 DEma 1.3560.

Hourly trend reversal 1.3575.

34 HSma 1.3597.

21 HSma 1.3584.

Wait for an up move and sell again, below 1.35 more weaknesses. Until the pair trades above 1.3575, we are expecting 1.3525 and 1.3452 (1.3525 done).

This image is no longer relevant
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Junio, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback