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Market Analysis

Home » Technical Analysis » Daily » EURUSD » EURUSD Forecast by Option Banque

EURUSD Forecast by Option Banque

Posted by Option_Banque in EURUSD - July 13th, 2015 10:00 am GMT


EUR/USD on Friday made an intra‐day low of US$1.1029/EUR and made an intraday high of US$1.1215/EUR and settled the day down by 0.361% at US$1.1151/EUR on session close.

Technicals in Focus:

On daily charts, prices are sustaining above100DMA (1.1049), which become immediate support level, break below will target 1.0950-1.0815. MACD is now above zero line and giving a buy signal. Stochastic is in oversold territory and giving negative crossovers to signal for bearish outlook for intraday.

Trading Strategy: Neutral to Sell

Based on the charts and explanations above; sell below 1.1180-1.1280 targeting 1.1023-1.0890 and 1.0815-1.0656 with stop-loss at hour closing above 1.1220. Buy above 1.0910-1.0815 with risk below 1.0800 targeting 1.1080 and 1.1130-1.1235.

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