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Technical analysis for the EURUSD on 25.06.2015

The EURUSD is consolidating below 1.1235 resistance

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 150 pips Max. 1.1290

Min. 1.1055

eurusd18

The downtrend in the EUR/USD has turned into a short-term consolidation below the intermediate resistance of 1.1235. Another test of this level will most likely trigger continuation of the bearish trend.

The closest decline target is situated at strong support of 1.1150. If the price declines even lower, the next target will be found at the lower border of the ascending channel.

eurusd-1

The approaching to the channel’s lower border will most likely trigger consolidation, followed by the rebound up and continuation of the bullish trend.

Alternative scenario: the breakout of the ascending channel’s lower border at 1.1050 will be a good signal for further downtrend.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

The EURUSD is consolidating below 1.1235 resistance

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 150 pips Max. 1.1290

Min. 1.1055

eurusd18

The downtrend in the EUR/USD has turned into a short-term consolidation below the intermediate resistance of 1.1235. Another test of this level will most likely trigger continuation of the bearish trend.

The closest decline target is situated at strong support of 1.1150. If the price declines even lower, the next target will be found at the lower border of the ascending channel.

eurusd-1

The approaching to the channel’s lower border will most likely trigger consolidation, followed by the rebound up and continuation of the bullish trend.

Alternative scenario: the breakout of the ascending channel’s lower border at 1.1050 will be a good signal for further downtrend.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!



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