You don't understand a specific financial term ? Visit our Forex glossary
Results 1 to 1 of 1
  1. #1
    FX Consultant is offline Senior Member
    Join Date
    Jun 2004
    Posts
    543

    Default EURUSD retreated by continued tame inflation pressure in EU

    EURUSD slide below 1.0793 supporting level which could prop it up on last Dec. 7 caused increasing of the downside momentum drove the pair down to 1.0709, before re-stabilizing near 1.0750 during today Asian session.

    EURUSD daily Stochastic Oscillator (5, 3, 3) which is sensitive to the volatility is having now its main line in the oversold region below 20 reading 17.074 and also its signal line which is reading 18.262, despite the rebounding from 1.0709.

    EURUSD dived again below its Daily SMA50 with continued existence below its daily SMA100 and daily MA200 and today is the fourth consecutive day of being below its daily Parabolic SAR (step 0.02, maximum 0.2) is reading now 1.1023, after 3 dark days.


    Important levels: Daily MA50 @ 1.0823, Daily MA100 @ 1.0039 and Daily MA200 @ 1.0044

    S&R:

    S1: 1.0709
    S2: 1.0519
    S3: 1.0461
    R1: 1.0991
    R2: 1.1058
    R3: 1.1093


    Have a good day

    Walid Salah El din
    Senior Market Analyst
    Attached Images Attached Images

Similar Threads

  1. EURUSD retreated again, after failing to retest 1.10 level
    By FX Consultant in forum Current Market Sentiment and daily forex trade recommendation
    Replies: 0
    Last Post: 01-11-2016, 09:58 PM
  2. Replies: 0
    Last Post: 07-19-2009, 11:51 PM
  3. Replies: 0
    Last Post: 06-15-2009, 12:33 AM
  4. Replies: 0
    Last Post: 03-27-2009, 07:26 AM
  5. Replies: 1
    Last Post: 03-25-2009, 06:17 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Comparing Versions of footer
 

Search Engine Friendly URLs by vBSEO 3.6.0