InstaForex - Analytics

InstaForex

696.00 6.50/10
61% of positive reviews
Real

Technical analysis of EUR/USD for May 11-15, 2015

The weekly technical analysis of EUR/USD pair:
eurusd_pp.png

Show full picture
eurusdh1.png

Show full picture
Overview:
  • According to the previous events, the price of the EUR/USD pair has still moved between 1.1066 and 1.1230 in the short term. The level of 1.1267 is likely to indicate strong resistance and minor resistance has been set at 1.1230. Moreover, the price will form a new strong spot at this level. Also, it should be noted that the price of 1.1219 is coinciding with the weekly pivot point in the H1 chart. Therefore, it will be of wisdom to sell at 1.1267 or 1.1230 with the first target at 1.1140, then it will continue towards 1.1066 and 1.1046 in order to test the the double bottom. For that reason, it will be very profitable to buy at 1.1046 with the first target at 1.1170, then continue towards 1.1219. The stop loss should be placed below 1.1046 at the level of 1.1030.

Mourad El Keddani neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.

Uitgevoerd door, Analytische expert
InstaForex Group © 2007-2015


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