After higher footing of 1.1725, EURUSD rose again to eye on 1.1834 resistance which stopped its rebounding from its formed bottom on last May. 29 at 1.1509.
The rebounding from 1.1509 drove EURUSD up to be trading now in its ninth consecutive day above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.1612.
But it is still depressed by continued existence below its daily SMA50, its daily SMA100 and also its daily SMA200 can keep it exposed to forming lower highs.
EURUSD daily RSI-14 is referring now to existence inside the neutral region reading 52.317.
EURUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in its neutral area at 57.894 leading to the upside its signal line which is lower in this same area at 55.496.
Important levels: Daily SMA50 @ 1.1956, Daily SMA100 @ 1.2147 and Daily SMA200 @ 1.2007
S&R:
S1: 1.1725
S2: 1.1616
S3: 1.1509
R1: 1.1834
R2: 1.1996
R3: 1.2138
Kind Regards
Global Market Strategist