FXOpen Broker

10+ years’
experience in FX

VISIT WEBSITE

Trading Accounts

ECN, STP,
Micro, Crypto

START TRADING

Free Demo

Practice Forex trading
risk free

OPEN DEMO ACCOUNT

PAMM Technology

Become a Master
or a Follower

JOIN PAMM SERVICE
Results 1 to 2 of 2

Thread: Eur/usd drops towards 1.0750

  1. #1
    Bullish
    Join Date
    Jan 2017
    Posts
    45
    Thanks
    0
    Thanked 3 Times in 3 Posts

    Default Eur/usd drops towards 1.0750

    The EUR/USD pair witnessed some aggressive selling over the last hour, and finally broke the overnight consolidative mode to the downside, after the greenback extended the advance versus its main competitors, in the wake of some clarity on the House vote on the Trumpcare bill.

    Better risk sentiment combined with higher treasury yields also collaborate to the renewed selling interest seen behind EUR/USD.

    Click image for larger version. 

Name:	EURUSD 24March 2017.png 
Views:	0 
Size:	32.2 KB 
ID:	57991

    EUR/USD Technical Levels
    In the 4 hours chart, the price is now stuck around a still bullish 20 SMA, whilst technical indicators have turned lower, with the Momentum already below the 100 level and the RSI around 54, while selling interest around 1.0820 remains strong. Still, the price needs to accelerate below 1.0765 to begin a downward corrective move, while only below 1.0700 bears will retake the lead. At this point, the pair needs to surpass 1.0828, February monthly high, to confirm a bullish extension towards 1.0870, December high. Support levels: 1.0765 1.0730 1.0700 Resistance levels: 1.0830 1.0870 1.0910.

    Trend: Bullish
    Avg Sell Price: 1.0727
    Avg Buy Price: 1.0688

    Stay updated with Forex Trading Tips, Forex Tips and Forex trading signals to earn higher amount of profit.

  2. #2
    Moderator cool user Resolve's Avatar
    Join Date
    Mar 2012
    Location
    India
    Posts
    37,287
    Thanks
    6,095
    Thanked 2,472 Times in 1,447 Posts

    Default

    This topic is being updated for further discussions...

Bookmarks

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer
2005-2020 © FXOpen All rights reserved. Various trademarks held by their respective owners.

Risk Warning: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen does not provide services for United States residents.

Join us