NewForex - Analytics

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    Forex News from New Forex: Technical analysis of EUR/USD

    In the trading on Tuesday the currency pair is seen within the immediate support at 1.1268 and resistance at 1.1349 showing a slender lead of bulls.

    In a four-hour time frame we see that exponential moving averages with periods 20 and 55 days are close to crossing upwards and keep rising. The MACD-histogram stays in the positive zone but has slightly slowed down the current trend signaling the continuation of the uptrend. The RSI stands above its central line but demonstrates a trend with the possible consolidation at 1.1350-60 counterbalancing bulls and bears.

    NewForex Analyst

    Michael Butnitsky


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