EUR/USD technical analysis

Technical Analysis
26 sept 2017
EUR/USD technical analysis

Yesterday after the elections in Germany on Sunday the euro showed a negative trend. It was trading in a negative diapason all day long, compared to other currency instruments. Despite the tension between the US and North Korea, investors still remain inclined to buy the US dollar and sell the EUR.

On the chart we can observe how the pair broke through the resistance level and continues its downward movement. Based on our indicators, we see that at the moment that the RSI is approaching the oversold zone and the stochastic is located below the level of 20%.

We recommend searching for entry points for short positions near the border of the channel that we pierced and establishing the take-profit order at the resistance levels. So far the dynamics for the euro remain negative, therefore it is not recommended to place long positions.

Support and resistance levels:

1.1690

1.1745

1.1780

1.1830

1.1870

SuperForex
EUR/JPY Technical Outlook & Daily Chart

Technical Analysis

EUR/JPY Technical Outlook & Daily Chart

After breaking the channel we are still waiting for the Moving Average of the pair.

SuperForex
25 sept 2017
German Elections 2017

Technical Analysis

German Elections 2017

Germans will be electing a new government this Sunday - how would that affect Europe?

SuperForex
22 sept 2017
NZD/USD: Fundamental Review & Forecast

Technical Analysis

NZD/USD: Fundamental Review & Forecast

The upcoming elections and good economic news from Australia supported the NZD, as the results of the FED meeting supported the USD. The NZD didn't strenghten much.

SuperForex
22 sept 2017