Euro US Dollar: the short term view is bullish, resistance level 1,0903

Euro US Dollar technical view is positive and leaves assume further price climbs. Quotes are above 14 days moving average, first resistance level 1,0903.

Euro US Dollar Monday, March 27 close was 1.0861 (+0.57%). For intraday trading session the technical view is positive and leaves assume the up-trend continuation. However, we can’t exclude retracements towards the most significant support levels. The major oscillators confirm the upward trend.

EURO US DOLLAR

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Simple Moving Average (SMA)
Quotes are above 14 days moving average (SMA value is 1.0721). The short term view is therefore bullish, however for today trading session we can’t exclude retracements towards the most significant support levels.


Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 27/03/2017

Performance: 7 trading days= +1.15% – 15 trading days= +2.76% – 30 trading days= +2.68%
Resistance levels: R1= 1.0903 – R2= 1.0944 – R3= 1.1024
Pivot Point: 1.0864
Support levels: S1= 1.0823 – S2= 1.0784 – S3= 1.0704


Buying opportunity above 1.0881 targets minor resistance at 1.0920 and perhaps as far as strong resistance at 1.0948, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 1.0996.

Selling opportunity below 1.0836 targets minor support at 1.0797 and perhaps as far as strong support at 1.0769, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 1.0722.

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