Forex4you - Analytics

    Forex4you

    536.00 7.00/10
    60% of positive reviews
    Real

    Technical analysis for the EURUSD on 12.05.2015

    Downside correction in the EURUSD has turned up

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 135 pips Max. 1.1275

    Min. 1.1025

    eurusd7

    Three-day decline of the Euro against the US dollar has halted at 1.1140 support. Short-term consolidation at this level triggered the rebound up.

    Like yesterday, today’s trading day is lacking any significant fundamental news, so we expect low volatile ascending structure.

    The closest growth target is situated at 1.12275 resistance. If bulls manage to push the price even higher, the next target will be found at 1.1375.

    Alternative scenario: the breaking of 1.1140 support will open the way down to 1.1085, 1.1025.

    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!

    Downside correction in the EURUSD has turned up

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 135 pips Max. 1.1275

    Min. 1.1025

    eurusd7

    Three-day decline of the Euro against the US dollar has halted at 1.1140 support. Short-term consolidation at this level triggered the rebound up.

    Like yesterday, today’s trading day is lacking any significant fundamental news, so we expect low volatile ascending structure.

    The closest growth target is situated at 1.12275 resistance. If bulls manage to push the price even higher, the next target will be found at 1.1375.

    Alternative scenario: the breaking of 1.1140 support will open the way down to 1.1085, 1.1025.

    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!


    To leave a comment you must or Join us


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