Euro FX future short term view is strongly bullish

Euro FX future short term view is strongly bullish. The major oscillators confirm the upward trend.

Euro FX future July 31, 2017 close was 1.1860 (+0.59%), not far from daily high. For intraday trading session the technical view is positive and leaves assume the up-trend continuation. The major oscillators confirm the upward trend.

Euro FX Future

View the interactive chart on ProRealTime.com

Simple Moving Average (SMA)
Euro FX future quotes are above 14 day moving average (SMA value is 1.1636). The short term view is strongly bullish.
Volumes
Daily chart shows an increase in volumes compared to the previous day.


Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 31/07/2017.

Performance: 7 trading days= +1.26% – 15 trading days= +2.97% – 30 trading days= +6.05%

Resistance levels: R1= 1.1906 – R2= 1.1951 – R3= 1.2073
Pivot Point: 1.1829
Support levels: S1= 1.1784 – S2= 1.1707 – S3= 1.1585


Buying opportunity above 1.1874 targets minor resistance at 1.1918 and perhaps as far as strong resistance at 1.1951, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 1.2005.

Selling opportunity below 1.1841 targets minor support at 1.1801 and perhaps as far as strong support at 1.1769, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 1.1718.

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