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EURUSD Technical Analysis 19.08.2016

EURUSD

The pair has grown amid the equally strong weakening of the investor interest in the US dollar. But today, quite probably, a number of long positions will be closed due to the locally overbought market being a good occasion to take profits.

The price is higher than the upper …

EURUSD Technical Analysis 16.08.2016

EURUSD

The pair has breached the resistance level of 1.1230. If the US CPI data turns out to be positive, the price can return to the 1.1070-1.1230 range.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is right under the overbought zone. Stoch …

EURUSD Technical Analysis 15.08.2016

EURUSD

The weakness of the US dollar is pushing the pair up, but the high probability of stimulus expansion by ECB acts as a restraining factor here. It is most probable that the price will remain inside the 1.1135-1.1225 range until the news from the ECB is published. If ECB …

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