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    Technical analysis for the EURUSD on 14.05.2015

    The EURUSD is consolidating at the last week’s high – 1.1375

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 140 pips Max. 1.1500

    Min. 1.1200

    eurusd9

    The Euro has been strengthening against the dollar for the fifth week, breaking strong resistance levels on the way. Level 1.1275 was one of such levels yesterday.

    The breaking of the 1.1275 mark allowed bulls to proceed to the last week’s high at 1.1375 resistance. The price approached this barrier at low volumes, which indicates weakening bullish potential.

    To continue growth, bulls have to break above the resistance of 1.1375. The breakout will open the way to the intraday resistance at 1.1500.

    Alternative scenario: short-term consolidation below 1.1375 resistance, followed by the pullback down.

    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 at the last week’s high – 1.1375

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 140 pips Max. 1.1500

    Min. 1.1200

    eurusd9

    The Euro has been strengthening against the dollar for the fifth week, breaking strong resistance levels on the way. Level 1.1275 was one of such levels yesterday.

    The breaking of the 1.1275 mark allowed bulls to proceed to the last week’s high at 1.1375 resistance. The price approached this barrier at low volumes, which indicates weakening bullish potential.

    To continue growth, bulls have to break above the resistance of 1.1375. The breakout will open the way to the intraday resistance at 1.1500.

    Alternative scenario: short-term consolidation below 1.1375 resistance, followed by the pullback down.

    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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