Forex4you - Analytics

Forex4you

514.75 7.25/10
57% of positive reviews
Real

Technical analysis for the EUR/USD – 04.11.2015

Earlier assumptions expecting increasing bearish moods in the pair confirmed. The price is approaching the recent low of 1.0895/98, trading is currently carried out at around 1.0920/25s. Indicators suggest further bearish development – both R% and MACD are turned down, while SS is just moving into the oversold territory. Previous forecasts, therefore, remain in force – the price will most likely decline to 1.0850/30 support and then we will see what happens next. The rebound from this strong barrier would mean consolidation within the wide range of 1.1060-1.0850/30, and its breakout will be a signal for further decline to the lows at 1.0660/70 and 1.0500/1.0460.

EUR041115

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

Earlier assumptions expecting increasing bearish moods in the pair confirmed. The price is approaching the recent low of 1.0895/98, trading is currently carried out at around 1.0920/25s. Indicators suggest further bearish development – both R% and MACD are turned down, while SS is just moving into the oversold territory. Previous forecasts, therefore, remain in force – the price will most likely decline to 1.0850/30 support and then we will see what happens next. The rebound from this strong barrier would mean consolidation within the wide range of 1.1060-1.0850/30, and its breakout will be a signal for further decline to the lows at 1.0660/70 and 1.0500/1.0460.

EUR041115

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



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree