Forex Technical Analysis on Majors


EUR/USD     Current level – 1.3380 The pair is in a broad consolidation pattern below 1.4580 resistancearea and current sell-off from 1.4550 is expected to be the final slideto complete that pattern. Technical indicators on the larger frames areneutral and trading is situated betweenthe 50 and 200 dailySMAs,currently projected at 1.4301  and 1.4020. The recent sell-off filled my target at 1.3360 and my outlook isalready positive, for a break through 1.3420 major resistance,

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Forex Technical Analysis on Majors


EUR/USD     Current level – 1.3380 The pair is in a broad consolidation pattern below 1.4580 resistancearea and current sell-off from 1.4550 is expected to be the final slideto complete that pattern. Technical indicators on the larger frames areneutral and trading is situated betweenthe 50 and 200 dailySMAs,currently projected at 1.4301  and 1.4020. The recent sell-off filled my target at 1.3360 and my outlook isalready positive, for a break through 1.3420 major resistance,

Comments are closed.