Forex4you - Analytics

Forex4you

514.75 7.25/10
57% of positive reviews
Real

Technical analysis for the EUR/USD – 06.11.2015

Support at 1.0850/30 remains a strong barrier. The price consolidates around this mark and is currently trading at 1.0870/80. As for the indicators, SS is stuck in the oversold zone, which suggests dominating bearish moods, R% and MACD indicate further correction within the narrow range of 1.0890/1.0900 – 1.0850/30, which will be then followed by decline to the previously mentioned lows at 1.0660/70 and 1.0500/1.0460. Important labor report is being published in the US today, and it may cause some corrections in the trades. If price breaks and holds above 1.0900 resistance, we’ll be expecting further growth, but not higher than 1.1060/1.1100 range.

EUR061115

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!

Support at 1.0850/30 remains a strong barrier. The price consolidates around this mark and is currently trading at 1.0870/80. As for the indicators, SS is stuck in the oversold zone, which suggests dominating bearish moods, R% and MACD indicate further correction within the narrow range of 1.0890/1.0900 – 1.0850/30, which will be then followed by decline to the previously mentioned lows at 1.0660/70 and 1.0500/1.0460. Important labor report is being published in the US today, and it may cause some corrections in the trades. If price breaks and holds above 1.0900 resistance, we’ll be expecting further growth, but not higher than 1.1060/1.1100 range.

EUR061115

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