Forex4you - Analytics

Forex4you

530.00 7.00/10
60% of positive reviews
Real

Technical analysis for the EURUSD on 26.08.2015

The EURUSD has corrected to 1.1435 support

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 200 pips Max. 1.1710

Min. 1.1280

eurusd17

After rapid growth towards 1.1710 resistance, the Euro turned down for correction. Decline was taking place amid low volumes, and the price reached support at 1.1435.

Bears tested the support at 1.1425 yesterday, but not for long – the test was followed by the rebound up, which gives reasons to expect the second test today.

If another test of the 1.1425 mark triggers a short-term consolidation, we’ll be expecting bullish rebound up and continuation of the uptrend towards 1.1560, 1.1710.

Alternative scenario: correction down will continue if price breaks support at 1.1435. Potential decline targets in this case will be found at 1.1400, 1.1280.

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 has corrected to 1.1435 support

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 200 pips Max. 1.1710

Min. 1.1280

eurusd17

After rapid growth towards 1.1710 resistance, the Euro turned down for correction. Decline was taking place amid low volumes, and the price reached support at 1.1435.

Bears tested the support at 1.1425 yesterday, but not for long – the test was followed by the rebound up, which gives reasons to expect the second test today.

If another test of the 1.1425 mark triggers a short-term consolidation, we’ll be expecting bullish rebound up and continuation of the uptrend towards 1.1560, 1.1710.

Alternative scenario: correction down will continue if price breaks support at 1.1435. Potential decline targets in this case will be found at 1.1400, 1.1280.

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