Forex4you - Analytics

Forex4you

528.00 7.00/10
60% of positive reviews
Real

Technical analysis for the EURUSD on 11.08.2015

The EURUSD is about to test the descending trend line at 1.1065

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 130 pips Max. 1.1100

Min. 1.0870

eurusd6

The Euro keeps correcting up against the US dollar, although at low volumes. Current divergence suggests weakening bullish strength.

The price is currently testing resistance at 1.1020. The breakout will open the way up towards the descending trend line at 1.1065.

As long as the trend line remains intact, medium-term bearish potential preserves. The test of the trend line will most likely trigger consolidation, followed by the rebound down.

Alternative scenario: the breaking of the descending trend line at 1.1065 will allow bulls to correct the price into 1.1130 resistance.

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 about to test the descending trend line at 1.1065

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 130 pips Max. 1.1100

Min. 1.0870

eurusd6

The Euro keeps correcting up against the US dollar, although at low volumes. Current divergence suggests weakening bullish strength.

The price is currently testing resistance at 1.1020. The breakout will open the way up towards the descending trend line at 1.1065.

As long as the trend line remains intact, medium-term bearish potential preserves. The test of the trend line will most likely trigger consolidation, followed by the rebound down.

Alternative scenario: the breaking of the descending trend line at 1.1065 will allow bulls to correct the price into 1.1130 resistance.

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