LiteForex EU (ex Mayzus) - Analytics

LiteForex EU (ex Mayzus)

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12 June 2015: EUR/USD: general review

EUR/USD: general review

 

 

 

 

At the trading session on Thursday the USD slightly strengthened against the Euro amid positive data on the US retail sales, which increased by 1%. Nevertheless, the Euro is definitely in the positive trend. Since the beginning of the month the price has grown by almost 50 points and the moment the pair is traded at the level of 1.1230.

Among Friday’s macro-economic news, which can affect movement in the pair, will the US producer price index (15:30 GMT 3). According to the preliminary forecast this index will drop by 0.3%, which can have a negative impact on the American currency.

On the four-hour chart Moving Average lines with the periods 20, 50 and 100 are horizontal. The pair is likely to continue trading in the sideways channel of 1.1286–1.1180.

Support levels are the local lows of 1.1223 and 1.1183. The nearest resistance level is the moving average line with the period of 20 (1.1286). Next resistance level will be 1.1386 (the highs of this month).


This website/communication is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. It has been prepared by Mayzus Investment Company Limited without taking into account any particular person's objectives, financial situation or needs. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Past performance is not indicative of future performance. The future value of your investment may rise and fall with the changes in the market.
 

 

 

 

 

 


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