dimanche 31 janvier 2016

The trendline resistance extension from 1.3992 to 1.1712 dropped EURUSD again

EURUSD has faced difficulty again to be above the trendline resistance extension from 1.3992 to 1.1712.

EURUSD which is trading close to 1.0850 is in meeting now with its daily SMA50, after failing to have a place above its daily SMA100.

The pair parameters are still referring to balanced situation having its daily RSI-14 in the neutral region reading now 47.727 and also its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in the neutral region reading 47.185 leading to the downside its signal line which is reading now 58.662.

The pair is now in its day number 12 of continued existence above its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.0763.

Important levels: Daily SMA50 @ 1.0849, Daily SMA100 @ 1.0967 and Daily SMA200 @ 1.1053

S&R:

S1: 1.0776
S2: 1.0709
S3: 1.0519
R1: 1.0991
R2: 1.1058
R3: 1.1098

Have a good day

Walid Salah El din
Chief Tech Analyst of Trade-24

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The trendline resistance extension from 1.3992 to 1.1712 dropped EURUSD again

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