Euro FX USD future: selling opportunity below 1.0874

Euro FX USD future short term view leaves assume a price movements between support and resistance levels. Many leading oscillators confirm neutral trend.

Euro FX USD future close slightly lower. Yesterday trading session ends at 1.0891 (-0.14%). Technical overview is neutral. The short term view leaves assume a price movements between support and resistance levels. Many leading oscillators confirm neutral trend, no bullish or bearish signals are triggered.

Euro FX USD Future

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Simple Moving Average (SMA)
The price is above the 14 days moving average (SMA value is 1.0886). The short term view is therefore bullish, however for today trading session we can’t exclude retracements towards the most significant support levels.
Volumes
Daily chart shows volume is higher than the previous day. This could be a sign of a significant move to come.


Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 21/01/2016.

Performance: 7 trading days= -0.03% – 15 trading days= +0.05% – 30 trading days= -1.47%

Resistance levels: R1= 1.0954 – R2= 1.1018 – R3= 1.1164
Pivot Point: 1.0872
Support levels: S1= 1.0808 – S2= 1.0726 – S3= 1.0580


DAILY TRADING SIGNALS

Buying opportunity above 1.0905 targets minor resistance at 1.0943 and perhaps as far as strong resistance at 1.0974, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 1.1021.

Selling opportunity below 1.0874 targets minor support at 1.0835 and perhaps as far as strong support at 1.0806, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 1.0759.