EURUSD Daily Chart:
EURUSD failed to maintain a place above 1.20 psychological level last Friday, Before closing last week at 1.1946.
EURUSD opened the new week on a downside gap at 1.1921 and it could not fill this gap until now.
EURUSD has previously formed a lower high at 1.2032 below its peak at 1.2092 which has been formed on Sep. 8.
EURUSD is now in its ninth day of being below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.2025.
However EURUSD is still underpinned by continued being above its daily SMA50, its daily SMA100 and its daily SMA200, after forming a series of higher lows had started with its formed bottom at 1.0339 on the third day of this year to be the lowest level since December 2002.
EURUSD daily RSI-14 is referring now to existence in the neutral region reading 53.176.
EURUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is still having its main line in the neutral region at 44.851 leading to the downside its signal line which is at 46.095.
Important levels: Daily SMA50 @ 1.1827, Daily SMA100 @ 1.1527 and Daily SMA200 @ 1.1095
S&R:
S1: 1.1822
S2: 1.1662
S3: 1.1612
R1: 1.2032
R2: 1.2092
R3: 1.2271
Have a good day
Kind Regards
Global Market Strategist of FX-Recommends
Walid Salah El Din
EURUSD failed to maintain a place above 1.20 psychological level last Friday, Before closing last week at 1.1946.
EURUSD opened the new week on a downside gap at 1.1921 and it could not fill this gap until now.
EURUSD has previously formed a lower high at 1.2032 below its peak at 1.2092 which has been formed on Sep. 8.
EURUSD is now in its ninth day of being below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.2025.
However EURUSD is still underpinned by continued being above its daily SMA50, its daily SMA100 and its daily SMA200, after forming a series of higher lows had started with its formed bottom at 1.0339 on the third day of this year to be the lowest level since December 2002.
EURUSD daily RSI-14 is referring now to existence in the neutral region reading 53.176.
EURUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is still having its main line in the neutral region at 44.851 leading to the downside its signal line which is at 46.095.
Important levels: Daily SMA50 @ 1.1827, Daily SMA100 @ 1.1527 and Daily SMA200 @ 1.1095
S&R:
S1: 1.1822
S2: 1.1662
S3: 1.1612
R1: 1.2032
R2: 1.2092
R3: 1.2271
Have a good day
Kind Regards
Global Market Strategist of FX-Recommends
Walid Salah El Din
