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    USD/CAD Intraday Technical Analysis and Linear Regression Channels for June 28, 2012

    1436439871_EURUSDH1.png

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    Short overview:

    • According to the previous events, the major support is going to set at the level of 1.0950. Moreover, the price had hit the weekly pivot point and support 1 this week at the levels of 10950 and 1.1114. Furthermore, the level of 1.1114 represents the weekly pivot point. Therefore, the EUR/USD pair is going to move between 1.0950 and 1.1114. So, we expect a new range of 164 pips in coming hours. As a result, sell below the level of 1.1114 in the short term with the first target at 1.1030. Moreover, if the trend is able to break the double bottom at 1.10300; it might resume to 1.0955. If the trend is downward, then the strength of the currency will be defined as follows: EUR is in an downtrend and USD is in a uptrend.

    Intraday technical levels:

    Date:9/07/2015

    Pair:EUR/USD

    • R3: 1.1239
    • R2: 1.1165
    • R1: 1.1120
    • PP: 1.1046
    • S1: 1.1001
    • S2: 1.0927
    • S3: 1.0882
  • R2: 1.1165
  • R1: 1.1120
  • PP: 1.1046
  • S1: 1.1001
  • S2: 1.0927
  • S3: 1.0882

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