EURUSD Daily Chart:
Following several tries to get back 1.13 level figure ended to forming resistance at 1.1285, EURUSD extended its slide to 1.11, before bouncing up ended to 1.1187 whereas the pair started to retreat again to trade currently near 1.1125.
EURUSD is now in its seventeenth day of being below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.1236.
The pair is now in a lower place below its daily SMA50, its daily SMA100 and also its daily SMA200.
EURUSD daily RSI-14 is referring now to lower existence inside the neutral region reading 35.023.
While EURUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line barely inside the neutral territory at 21.807 above its signal line which is lower inside its oversold area below 20 at 17.920, after bouncing up from 1.1101 last Thursday.
Important levels: Daily SMA50 @ 1.1240, Daily SMA100 @ 1.1241 and Daily SMA200 @ 1.1305
Experienced S&R:
S1: 1.1101
S2: 1.1000
S3: 1.0838
R1: 1.1285
R2: 1.1412
R3: 1.1447
Have a good day
Kind Regards
Global Market Strategist of FX-Recommends
Walid Salah El Din
Following several tries to get back 1.13 level figure ended to forming resistance at 1.1285, EURUSD extended its slide to 1.11, before bouncing up ended to 1.1187 whereas the pair started to retreat again to trade currently near 1.1125.
EURUSD is now in its seventeenth day of being below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.1236.
The pair is now in a lower place below its daily SMA50, its daily SMA100 and also its daily SMA200.
EURUSD daily RSI-14 is referring now to lower existence inside the neutral region reading 35.023.
While EURUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line barely inside the neutral territory at 21.807 above its signal line which is lower inside its oversold area below 20 at 17.920, after bouncing up from 1.1101 last Thursday.
Important levels: Daily SMA50 @ 1.1240, Daily SMA100 @ 1.1241 and Daily SMA200 @ 1.1305
Experienced S&R:
S1: 1.1101
S2: 1.1000
S3: 1.0838
R1: 1.1285
R2: 1.1412
R3: 1.1447
Have a good day
Kind Regards
Global Market Strategist of FX-Recommends
Walid Salah El Din